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Section 10(23C)(iiiab) Rejected for Lack of Educational Activity and Government Funding
Case Law Details
- Case Name
- Tamil Nadu Cooperative Union Vs ACIT (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Chennai
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Tamil Nadu Cooperative Union vs ACIT (ITAT Chennai)
Co-operative Union Not an Educational Institution; Exemption u/s 10(23C)(iiiab) Denied, But Gross-Receipts Issue Remanded
Assessee, a Cooperative Society formed to impart cooperative education & training, claimed exemption u/s 10(23C)(iiiab) by treating itself as an educational institution substantially financed by Government. AO denied exemption holding that Assessee neither runs an educational institution nor is wholly or substantially financed by Government; CIT(A)/NFAC confirmed this view.
Tribunal upheld denial of ex...
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