Approval Denied u/s 10(23C) Due to Low Concessional Treatment Percentages; Philanthropic Purpose Not Demonstrated.

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....Application for grant of approval under section 10 (23C) (via) rejected - concessional treatment as given by the petitioner for the above assessment years being meagre 3.56 %, 6.45% and 4.45% respectively, definitely does not speak of the existence of the petitioner for philanthropic purposes - HC....