Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Exemption u/s 10(23C)(vi) - existence solely for 'educational purpose' or not - activity of acquisition or lease of immovable properties as well as investment of funds in the equity - the monitoring of the activities of the petitioner is a matter of assessment by the AO - the Commissioner (CIT) has overstepped in assuming that the mere mention of the aforesaid two activities disentitles the petitioner to the approval and exemption sought.
Exemption u/s 10(23C)(vi) - existence solely for 'educational purpose' or not - activity of acquisition or lease of immovable properties as well as investment of funds in the equity - the monitoring of the activities of the petitioner is a matter of assessment by the AO - the Commissioner (CIT) has overstepped in assuming that the mere mention of the aforesaid two activities disentitles the petitioner to the approval and exemption sought.
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