Fair market value under section 50C must reflect existing property condition, not hypothetical development, and statutory valuation steps must be foll...
Merely because some of the donors have stated that they have given donation for admission, which have been retracted later on, the same in our opinion will not dis-entitle the assessee trust from getting exemption which is existing solely for educational purposes - There cannot be wholesale denial of exemption u/s.11 for violations of provisions of section 13(1)(c) - AT
Merely because some of the donors have stated that they have given donation for admission, which have been retracted later on, the same in our opinion will not dis-entitle the assessee trust from getting exemption which is existing solely for educational purposes - There cannot be wholesale denial of exemption u/s.11 for violations of provisions of section 13(1)(c) - AT
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