https://www.taxtmi.com/highlights?id=24841 Withdrawal of exemption granted u/s 10(23C)(iv) - DGIT(E) erroneously drew a distinction between corpus and non-corpus donations made by it to HNF - Hamdard’s is not carrying on a business of the nature envisaged in condition (c) of the order of exemption/seventh proviso to Section 10(23C) - Hamdard’s dominant purpose is charitable in nature, and it is not guided by the motive of profit-making - Exemption cannot be denied - HC en-us Mon, 21 Sep 2015 13:56:35 +0530 Mon, 21 Sep 2015 13:56:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=24841 Withdrawal of exemption granted u/s 10(23C)(iv) - DGIT(E) erroneously drew a distinction between corpus and non-corpus donations made by it to HNF - Hamdard’s is not carrying on a business of the nature envisaged in condition (c) of the order of exemption/seventh proviso to Section 10(23C) - Hamdard’s dominant purpose is charitable in nature, and it is not guided by the motive of profit-making - Exemption cannot be denied - HC Highlights Income Tax Mon, 21 Sep 2015 13:56:35 +0530 https://www.taxtmi.com/highlights?id=24841