Income exemption under section 10(46): specified receipts of All India Council Technical Education exempted subject to non commercial and filing conditions. Notification under section 10(46) designates AICTE eligible for exemption on specified receipts (grants/subsidies, regulatory charges, RTI and examination fees, CMAT/GPAT fees, bank deposit interest, and miscellaneous charges). The exemption is subject to conditions that AICTE shall not engage in commercial activity, the nature of activities and specified income remains unchanged, and AICTE files returns under clause (g) of sub section (4C) of section 139. The notification is applied retrospectively for certain assessment years and prospectively for specified future assessment years, conditional on compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Income exemption under section 10(46): specified receipts of All India Council Technical Education exempted subject to non commercial and filing conditions.
Notification under section 10(46) designates AICTE eligible for exemption on specified receipts (grants/subsidies, regulatory charges, RTI and examination fees, CMAT/GPAT fees, bank deposit interest, and miscellaneous charges). The exemption is subject to conditions that AICTE shall not engage in commercial activity, the nature of activities and specified income remains unchanged, and AICTE files returns under clause (g) of sub section (4C) of section 139. The notification is applied retrospectively for certain assessment years and prospectively for specified future assessment years, conditional on compliance.
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