Monday, August 24, 2020

Exp. incurred on awareness on agriculture is part of educational activity; Sec. 10(23C) exemption allowable

INCOME TAX : Where assessee trust formed for running educational institution, incurred expenses for awareness on agriculture, medical camps etc., said expenses could be regarded as part of educational activity and, thus, assessee's claim for exemption of income under section 10(23C)(vi) was to be allowed

from www.taxmann.com Latest Case Laws https://ift.tt/3leUwjG

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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