Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Educational Institutions Deemed Separate Entities for Tax Exemption; Appellant's Receipts Below Rs. 1 Crore Threshold.

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 10(23C)(iiiad) - Threshold limit of Rs. 1 Crore - The Appellate Tribunal found that the appellant's gross receipts, when considering certain fee receipts from the previous financial year separately, did not exceed the threshold limit of Rs. 1 crore. Citing a precedent and interpreting the relevant provisions, the Tribunal held that each educational institution operated by the appellant should be treated as a separate entity for the purpose of determining eligibility for exemption. Therefore, the Tribunal concluded that the appellant was entitled to exemption under section 10(23C)(iiiad) of the Act.....