https://www.taxtmi.com/highlights?id=67800 Approval granted u/s 10(23C)(iv) revoked - assessee has not maintained separate books of account for its business and charitable activities - the revenue must bring on record cogent material to demonstrate that the assessee has deviated from the core objects based on which approval under section 10(23C)(iv) was initially granted to the assessee. It is also a fact on record that the activities of the assessee are in the category of medical relief to the poor. Thus, if we interpret the provisions of section 2(15) of the Act strictly, the proviso would not apply.- AT en-us Thu, 19 Jan 2023 13:01:20 +0530 Thu, 19 Jan 2023 13:01:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67800 Approval granted u/s 10(23C)(iv) revoked - assessee has not maintained separate books of account for its business and charitable activities - the revenue must bring on record cogent material to demonstrate that the assessee has deviated from the core objects based on which approval under section 10(23C)(iv) was initially granted to the assessee. It is also a fact on record that the activities of the assessee are in the category of medical relief to the poor. Thus, if we interpret the provisions of section 2(15) of the Act strictly, the proviso would not apply.- AT Highlights Income Tax Thu, 19 Jan 2023 13:01:20 +0530 https://www.taxtmi.com/highlights?id=67800