Assessee entitled to exemption until it adheres parameters required to be satisfied u/s 10(23C); SLP dismissed

INCOME TAX : SLP dismissed against High Court ruling that so long as assessee adheres to parameters required to be satisfied under section 10(23C) to avail exemption, it is entitled to said exemption; exemption claimed by assessee cannot be denied on ground that it does not have independent Memorandum of Association, Bye laws, etc.

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