Matter remanded back to determine whether sum advanced to trust having similar object is application of income

INCOME TAX : Where assessee-trust was administering two educational institutions and it gave certain sum to another charitable institution for educational purposes to enable them to construct a building as part of their college and claimed exemption under section 10(23C)(vi) on ground that sum given should be considered as an application for carrying out objects of assesseeINCOME TAX : Where assessee-trust was administering two educational institutions and it gave certain sum to another charitable institution for educational purposes to enable them to construct a building as part of their college and claimed exemption under section 10(23C)(vi) on ground that sum given should be considered as an application for carrying out objects of assesseewww.taxmann.com Latest Case LawsRead More

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