No section 10(23C) Exemption to any hospital not existing solely for philanthropic purposes: SC

Ashwini Sahakari Rugnalaya & Res. Centre Vs CCIT & Ors. (Supreme Court) The short question which arises for consideration is the claim of the appellant for benefit under Section 10 (23C) (via) of the Income Tax Act, 1961 for the assessment years 1999-2000 to 2002- 2003. The benefits in terms of the section are available to any hospital existing solely for philanthropic purposes and not for purposes of profit. We may note that this was the position which existed even earlier under Section 10 (22A) prior to the amended provision under the Finance (No.2) Act, 1998 with effect from 01.4.19...