Karnataka HC Set Aside Rejection of Section 10(46) Exemption for Violating Natural Justice

Rani Channamma University Vs Under Secretary (ITA-1) (Karnataka High Court) The petitioner-University challenged the communication dated 12.12.2023 issued by the first respondent rejecting its application for issuance of notification under Section 10(46) of the Income Tax Act, 1961. The University, established under Section 3(1E) of the Karnataka State Universities Act, 2000, is engaged in imparting higher education and is a non-profit institution statutorily prohibited from carrying on commercial activities. Its income comprises State Government grants, student fees, examination fees, interes...