https://www.taxtmi.com/caselaws?id=311649 A charitable educational institution otherwise entitled to exemption under section 10(23C) and section 11 was treated as retaining that exemption even where unexplained cash credits were added under section 68. The Kerala HC view reflected in the note is that such credits, when forming part of the institution's receipts, should not be separately isolated and denied exemption solely because they are taxed as income under section 68. On that reasoning, the department's appeal 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 A charitable educational institution otherwise entitled to exemption under section 10(23C) and section 11 was treated as retaining that exemption even where unexplained cash credits were added under section 68. The Kerala HC view reflected in the note is that such credits, when forming part of the institution's receipts, should not be separately isolated and denied exemption solely because they are taxed as income under section 68. On that reasoning, the department's appeal was dismissed. Case-Laws Income Tax Mon, 04 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311649