https://www.taxtmi.com/highlights?id=73481 Benefit of exemption - Approval u/s 10(23C)(vi) was granted to trust as a whole or for specified institution only - We are in complete agreement with the ld. CIT(Exemptions) that the approval granted to the assessee-trust in the year 2012 cannot apply to a new institution added to the trust subsequently. Therefore, the argument of assessee that the approval u/s. 10(23C)(vi) of the Act would apply to the new institute also and hence there was no error in the order granting exemption to the income of the new institute is dismissed. - AT en-us Fri, 08 Dec 2023 14:14:14 +0530 Fri, 08 Dec 2023 14:15:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73481 Benefit of exemption - Approval u/s 10(23C)(vi) was granted to trust as a whole or for specified institution only - We are in complete agreement with the ld. CIT(Exemptions) that the approval granted to the assessee-trust in the year 2012 cannot apply to a new institution added to the trust subsequently. Therefore, the argument of assessee that the approval u/s. 10(23C)(vi) of the Act would apply to the new institute also and hence there was no error in the order granting exemption to the income of the new institute is dismissed. - AT Highlights Income Tax Fri, 08 Dec 2023 14:14:14 +0530 https://www.taxtmi.com/highlights?id=73481