MP High Court: Railways Liable for Deaths on Tracks if it Fails to Take Preventive Measures  ||  Ker HC: NDPS Case Stands Even if Contraband Listed in Ml, if Chemical Report Shows Equivalent Weight  ||  Kerala HC: Father’s Retirement Benefits Can Be Attached for Child Maintenance Despite S.60(1)(g) CPC  ||  Supreme Court: A Decree Declared 'Nullity' Can be Challenged at Any Stage, Including Execution  ||  SC Explains How 'Intention' & 'Knowledge' Decide if S.304 IPC Offence is Culpable Homicide Not Murder  ||  NCLAT New Delhi: Public Auction Not Required for Sale of Encumbered Assets if Charge Holders Consent  ||  SC: Rejection of Plaint is Appealable, but no Appeal Lies Against Order Refusing to Reject Plaint  ||  SC Mulls Guidelines After Accused in Lawyers’ Robes Commits Murder in Court Premises  ||  Supreme Court: Subsequent Purchaser Without Due Verification Bound by Previous Sale Agreement  ||  SC: Service Tax Not Applicable on Transfer of Title in Immovable Property    

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 2025 - All Rights Reserved