[aaykarbhavan] Receipts of all institutions of one society are to be clubbed together to check limit of 1 crore under sec. 10(23C)

Receipts of all institutions of one society are to be clubbed together to check limit of 1 crore under sec. 10(23C)

September 20, 2014[2014] 48 taxmann.com 386 (Amritsar - Trib.)/[2014] 31 ITR(T) 177 (Amritsar - Trib.)

IT: Where receipts of assessee-society from two institution managed and run by it exceeded Rs. 1 crore, in absence of exemption certificate under section 10(23C), receipt exceeding over Rs. 1 crore was rightly brought to tax

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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