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Case Law Details

Case Name : M/s Ram Lal Bhasin Public School Vs CIT Exemption (ITAT Amritsar)
Appeal Number : ITA No. 699/Asr/2017
Date of Judgement/Order : 17/01/2019
Related Assessment Year :
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M/s Ram Lal Bhasin Public School Vs CIT (ITAT Amritsar)

For claiming exemption u/s 10(23C)(iiiad) of the Act, the entity must be an University or other educational institute existing solely for educational purpose and not of the purposes of profit. In the present case it is not in dispute that the assessee is a school which is affiliated to the ‘Council for the India School Certificate of Examination’ (ISCE), copy of which is placed on the record. It is also not the case of the Department that the assessee school was existing for the purpose of the profit.

When the assessee was running a school for educational purposes and not for earning profit, then it was entitled to the exemption u/s 10(23C)(vi) of the Act.

FULL TEXT OF THE ITAT JUDGEMENT

This is an appeal by the assessee against the order dated 29.09.20 17 of the Commissioner of Income Tax (Exemptions) Chandigarh [hereinafter referred to as CIT(E)].

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