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Section 10(23C)(iiiab) exemption not available to society not substantially financed by government
Case Law Details
- Case Name
- Chhattisgarh Rajya Open School Madhyamik Siksha Mandal Vs DCIT (ITAT Raipur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Raipur
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Chhattisgarh Rajya Open School Madhyamik Siksha Mandal Vs DCIT (ITAT Raipur)
ITAT Raipur held that assessee-society not being wholly and substantially financed by the government is not entitled for claiming exemption under Section 10(23C)(iiiab) of the Income Tax Act, 1961.
Facts- The assessee society, which was established with the Direction of the Education Department of the Chhattisgarh Government had filed its return of income in the status of an AOP/BOI, declaring an income of Rs. Nil. The case of the assessee society was thereafter selected for scrutiny assessment u/s. 143(2) of the Act....
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