Income of educational institutions and hospitals cannot claim exemption u/s 11,Income Tax Act 1961.

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....r>Income Tax<br>INSTRUCTION NO. 1025/CBDT Dated : November 15, 1976 Section(s) Referred: 11 Statute: Income - Tax Act, 1961 Reference is invited to Board's Instructions No. 594* (F. No. 19....

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....nal institutions and hospitals can claim exemption u/s 11 of the Income-tax Act, 1961 as well. The Board is of the view that as specific provision has been made with regard to the grant of exemption t....