Tax reins tightened on charitable institutions navhindtimes.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from navhindtimes.in Daily Mail and Mail on Sunday newspapers.
In two separate verdicts, the SC ruled that educational institutions seeking Income Tax rebates under Section 10 (23C) must only be imparting education and not making a profit.
The Supreme Court on Wednesday said that trusts or institutions can claim benefits of tax exemptions, only if they are "solely" engaged in education and not in any profit activity.A bench, headed by Chief Justice U.U. Lalit and .
Tax exemption benefit for institutions if solely engaged in education: SC webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.