https://www.taxtmi.com/highlights?id=57506 Grant of approval u/s 10(23C)(vi) denied - The claim being inadmissible in the preceding years on account of receipts exceeding a specified limit, surely does not impinge upon its character of an institution existing solely for the purpose of education. The findings of the Ld.CIT(E) that the same impinges on the extent and quality of surplus being generated by the applicant society is a very general and farfetched observation/finding with no factual basis at all and, therefore, is of no relevance, in our view. - AT en-us Wed, 07 Apr 2021 12:18:11 +0530 Wed, 07 Apr 2021 12:18:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57506 Grant of approval u/s 10(23C)(vi) denied - The claim being inadmissible in the preceding years on account of receipts exceeding a specified limit, surely does not impinge upon its character of an institution existing solely for the purpose of education. The findings of the Ld.CIT(E) that the same impinges on the extent and quality of surplus being generated by the applicant society is a very general and farfetched observation/finding with no factual basis at all and, therefore, is of no relevance, in our view. - AT Highlights Income Tax Wed, 07 Apr 2021 12:18:11 +0530 https://www.taxtmi.com/highlights?id=57506