Tuesday, September 15, 2009

EDUCATIONAL INSTITUTE TO BE PROVIDED TAX BENEFITS

Educational institutes having multiple objectives, including imparting education, cannot be denied the
benefit of income tax exemption, the Delhi High Court has ruled. Under the relevant case, the Bench rejected the argument of the Income Tax Department that Jaypee Institute could not be registered under the Act as it was also providing extramural studies, extension programme and field outreach activities, besides imparting education.

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