Meaning of “not for the purpose of profit” for Exemption to educational insututes

0
708
Print Friendly, PDF & Email

The condition that the exemption to educational institution under section 10(23)(c) of the Income tax Act  is allowed only when the educational institution is run “not for the purpose of profit ”  like the condition “solely for the purpose of education” , often is the source of controversy. The courts have , however , held that the each case should be separately examined whether the educational institute is “not for the purpose of profit” and if the larger

This content is for annual and Semi Annual members only.
Log In Register