Exemption U/s 10(23C)(iiiab) to assessee-society imparting skill training to students to get placements allowable.

Process-cum-Product Development Centre Vs ACIT (ITAT Delhi)

Conclusion: Where assessee-society engaged only in imparting research based education/allowable  skill training to students in manufacturing of sports goods and leisure equipments without any profit motive to enable them to get placement, it would cover within the definition of education u/s 2(15) and hence, entitled for exemption under section 10(23C)(iiiab).

Held: AO denied exemption under section 10(23C)(iiib) to assessee-society on the ground that it was

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