https://www.taxtmi.com/highlights?id=68719 Claim of exemption u/s. 10(22) and section 10(23C)(vi) - The respondents have not substantiated their bald statement that ASB/the petitioners have not invested the surplus money in accordance with law which in any event would not be a criteria at the initial stage of approval as held by the Apex Court in New Noble Society (supra). - Benefit of exemption allowed - HC en-us Tue, 14 Mar 2023 10:47:49 +0530 Tue, 14 Mar 2023 10:47:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68719 Claim of exemption u/s. 10(22) and section 10(23C)(vi) - The respondents have not substantiated their bald statement that ASB/the petitioners have not invested the surplus money in accordance with law which in any event would not be a criteria at the initial stage of approval as held by the Apex Court in New Noble Society (supra). - Benefit of exemption allowed - HC Highlights Income Tax Tue, 14 Mar 2023 10:47:49 +0530 https://www.taxtmi.com/highlights?id=68719