Exemption under Section 10(46) for Uttaranchal Board: specified incomes exempt subject to non-commercial and filing conditions. Exemption is granted to Uttaranchal Board of Technical Education, Roorkee for specified incomes including government grants and subsidies; statutory fees, fines and penalties; sales of application forms and educational material; disposal of assets and sale of scrap; rent from let-out properties; royalty or licence fees for technical knowledge and infrastructure; and interest on bank deposits. The exemption is conditional on non-engagement in commercial activity, stability of activities and income nature during the financial year(s), and compliance with the prescribed return-filing requirement; it is applicable retrospectively to the relevant assessment year.
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Provisions expressly mentioned in the judgment/order text.
Exemption under Section 10(46) for Uttaranchal Board: specified incomes exempt subject to non-commercial and filing conditions.
Exemption is granted to Uttaranchal Board of Technical Education, Roorkee for specified incomes including government grants and subsidies; statutory fees, fines and penalties; sales of application forms and educational material; disposal of assets and sale of scrap; rent from let-out properties; royalty or licence fees for technical knowledge and infrastructure; and interest on bank deposits. The exemption is conditional on non-engagement in commercial activity, stability of activities and income nature during the financial year(s), and compliance with the prescribed return-filing requirement; it is applicable retrospectively to the relevant assessment year.
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