In order to claim exemption under sec 10(23C) all clauses of the MOA should be proved
Last updated: 01 March 2012
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
That on the facts and circumstances of the case, the learned CIT has gravely erred in law and on facts in rejecting the appellant’s application u/s 12A(1) without appreciating the fact that the appellant society was granted exemption from Income-tax right from the year 2003-04 on the basis of the constitution of the society after considering the aims and objects of the society. The order is based on surmises and conjectures. The order is against law and facts and the registration sought for may kindly be directed to be allowed.
Citation :
M/s Ganeshee Lal Education Society, GL Public School, Kosli Road, Kanina District: Mahendergarh (Appellant) V/s. Commissioner of Income- tax Rohtak(Respondent)
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CS Bijoy
Published in Income Tax
Views : 5929
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