https://www.taxtmi.com/highlights?id=47862 Exemption u/s 10(23C)(vi) - there has been no exercise done by the Department either at first instance or at least on review petition to find out as to whether the Trust has generated a reasonable surplus to enable them to sustain the institution and in the event of a higher surplus, whether they had ploughed back or utilising the same for achieving the objects of the trust - rejection invalid - remanded to CCIT en-us Fri, 12 Jul 2019 08:21:40 +0530 Fri, 12 Jul 2019 08:21:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47862 Exemption u/s 10(23C)(vi) - there has been no exercise done by the Department either at first instance or at least on review petition to find out as to whether the Trust has generated a reasonable surplus to enable them to sustain the institution and in the event of a higher surplus, whether they had ploughed back or utilising the same for achieving the objects of the trust - rejection invalid - remanded to CCIT Highlights Income Tax Fri, 12 Jul 2019 08:21:40 +0530 https://www.taxtmi.com/highlights?id=47862