Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
An educational institution running a school was found to have gross receipts below the prescribed threshold, so it was legally entitled to exemption under section 10(23C)(iiiad). The Tribunal noted that even if exemption under section 10(23C)(vi) was not available, the alternative claim succeeded on the admitted facts of educational activity and receipts within the statutory limit. The alternative plea was therefore accepted, and the exemption under section 10(23C)(iiiad) was allowed, leaving the other grounds open.
An educational institution running a school was found to have gross receipts below the prescribed threshold, so it was legally entitled to exemption under section 10(23C)(iiiad). The Tribunal noted that even if exemption under section 10(23C)(vi) was not available, the alternative claim succeeded on the admitted facts of educational activity and receipts within the statutory limit. The alternative plea was therefore accepted, and the exemption under section 10(23C)(iiiad) was allowed, leaving the other grounds open.
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