Society not Eligible to Tax Exemption If Fund was used for providing Scholarships to Students to satisfy Business Needs of Another Entity: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) in Commitment Mortality Vision Education Society v. ACIT, held that a society is not eligible to claim tax benefit under the Income Tax Act as the fund was used for providing scholarships to students to satisfy Business needs of another Entity. In the […]

The post Society not Eligible to Tax Exemption If Fund was used for providing Scholarships to Students to satisfy Business Needs of Another Entity: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

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