High Court Rules Revenue Cannot Reopen Exemption Issue for Educational Trust u/s 11 of Income Tax Act.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Exemption u/s 11 - Hon’ble High Court has categorically held that this issue cannot be reopened by the Revenue and Revenue is not entitled to state that the assessee’s trust is not carrying on charitable activity and thus, it is not in the field of education, etc. Once, Hon’ble High Court had held that the assessee is in the field of education, assessee is fully entitled for claim of deduction u/s.11 of the Act. - AT....