https://www.taxtmi.com/caselaws?id=311649 Charitable educational institutions otherwise eligible for exemption under sections 10(23C) and 11 cannot have unexplained cash credits separately denied that exemption solely because they are assessed as income under section 68. Where such credits form part of the institution's receipts, section 68 does not by itself require separate adverse tax treatment that defeats the institution's exemption entitlement. The departmental appeal challenging this treatment was dismissed. en-us Mon, 04 Oct 2010 00:00:00 +0530 Sat, 06 Jan 2024 11:23:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311649 Charitable educational institutions otherwise eligible for exemption under sections 10(23C) and 11 cannot have unexplained cash credits separately denied that exemption solely because they are assessed as income under section 68. Where such credits form part of the institution's receipts, section 68 does not by itself require separate adverse tax treatment that defeats the institution's exemption entitlement. The departmental appeal challenging this treatment was dismissed. Case-Laws Income Tax Mon, 04 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311649