P&H HC: Eyewitness Account Not Credible if Eyewitness Directly Identifies Accused in Court  ||  Delhi HC: Conditions u/s 45 PMLA Have to Give Way to Article 21 When Accused Incarcerated for Long  ||  Delhi High Court: Delhi Police to Add Grounds of Arrest in Arrest Memo  ||  Kerala High Court: Giving Seniority on the Basis of Rules is a Policy Decision  ||  Del. HC: Where Arbitrator has Taken Plausible View, Court Cannot Interfere u/s 34 of A&C Act  ||  Ker. HC: No Question of Estoppel Against Party Where Error is Committed by Court Itself  ||  Supreme Court: Revenue Entries are Admissible as Evidence of Possession  ||  SC: Mere Breakup of Relationship Between Consenting Couple Can’t Result in Criminal Proceedings  ||  SC: Bar u/s 195 CrPC Not Attracted Where Proceedings Initiated Pursuant to Judicial Order  ||  NTF Gives Comprehensive Suggestions on Enhancing Better Working Conditions of Medical Professions    

SC: Educational Trusts For Profit Cannot Claim Income Tax Exemption - (20 Oct 2022)

DIRECT TAXATION

Supreme Court has said profit-oriented educational trusts or societies cannot claim exemption under the Income Tax Act. The court said that such educational trusts or societies should solely be concerned with education or education related activities under Section 10(23C) of the Income Tax Act.

Tags : SUPREME COURT   EDUCATION   EDUCATIONAL TRUSTS  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved