Section 10(23C) cannot be interpreted regressively to deny exemptions

HIGH COURT OF BOMBAY Tolani Education Society Versus Deputy Director of Income-tax (Exemptions) – I(2), Mumbai Dr. D.Y. CHANDRACHUD And A.A. SAYED, JJ. WRIT PETITION NO. 1167 OF 2012 JANUARY 31, 2013 S.E. Dastur, Nitesh Joshi, Atul K. Jasani and P.C. Tripathi for the Petitioner. A.R. Malhotra for the Respondent. JUDGMENT Dr. D.Y. Chandrachud, J. – Rule, by consent returnable forthwith. With the consent of Counsel and at their request the Petition is taken up for hearing and final disposal. 2. The Petitioner which is registered as a public trust under the Bombay Pub...