Friday, April 13, 2012

SECTION 10(23C)


  • The Kerala High Court held that religious  teaching in a seminary is education and seminary  is therefore an 'educational institution' entitled for exemption under section 10(23C)(iiiad).
  • The Punjab & Haryana High Court held that  where assessee-society devoted solely for education purposes for last 18 years, it could not be denied exemption under section 10(23C)(vi) on ground that it was making profits.

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