Section 10(23C)(iiiab) exemption on Print & sale of text books at low rates to reach children of deprived sections of society

Bihar State Text Book Publishing Corporation Vs CIT (Patna High Court)

The sole issue arising consideration in the present proceedings is as to whether the petitioner is entitled to exemption in terms of Sections 10 sub Section 23C(iiiab) of the Income Tax Act or not.

Certain facts are not in dispute. The petitioner, namely, Bihar State Text Book Publishing Corporation, incorporated under the Companies Act, 1956, is wholly owned by the Government of Bihar and as such is an instrumentality

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