Data transmission equipment classification under CTSH 8517 62 remains distinct from residual classification, with exemption evidence requiring scrutin...
Exemption u/s 10 (23C) (vi) - generation of surplus from year to year - the court referred to precedents and a clarificatory circular issued by the Ministry of Finance. It highlighted that the mere generation of surplus income did not necessarily disqualify an educational institution from exemption under Section 10 (23C) (vi), as long as the surplus was used for educational purposes.
Exemption u/s 10 (23C) (vi) - generation of surplus from year to year - the court referred to precedents and a clarificatory circular issued by the Ministry of Finance. It highlighted that the mere generation of surplus income did not necessarily disqualify an educational institution from exemption under Section 10 (23C) (vi), as long as the surplus was used for educational purposes.
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