Supreme Court: General Fraud Allegations Cannot Extend Limitation under Section 74 CGST Act || SC: ‘No Coercive Steps’ Order Cannot Restrain Filing of Charge Sheet || Chhattisgarh HC: Maintenance for Autistic Child May Continue Beyond 18 Until Self-Sufficient || P&H HC: 45-Day Delay in Informing Detenue of Representation Right Violates Article 22(5) || Rajasthan HC Bars Courts from Protecting those Responsible for Building Defects at their Own Peril || Allahabad HC: Clarification Issued Before Decision Applies to Pending Tender Complaints || Allahabad HC: Father’s Custody Cannot be Denied without Proof of Guardianship Unfitness || Bombay High Court: Each Petitioner Must Pay Court Fee Where Causes of Action are Separate || P&H High Court: Counsel’s Ignorance of Readily Available Prior Litigation Amounts to Dereliction || SC: Amendments to Government Orders Must Be Construed Fairly to Prevent Hardship

Clarification on certain issues related to grant of approval and claim of exemption u/s. 10(23C)(vi) of the Income-tax Act, 1961 - (Ministry of Finance ) (17 Aug 2015)

Clarification on approval and claim of exemption by universities and educational institutions

MANU/DTCR/0025/2015

Direct Taxation

The Central Board of Direct Taxation notified clarifications to Section 10(23C)(vi) of the Income Tax Act, 1961, which prescribes conditions for tax exemptions for universities and educational institutions. The clarifications refer to matters, including, the scope of enquiry for the grant of approval, necessity for registration and the collection of amounts under different heads of fee from students.

Relevant : Section 10(23C)(vi) Income Tax Act, 1961 Act

Tags : TAX EXEMPTION UNIVERSITIES

Share :