Court : Income Tax Appellate Tribunal ITAT Hyderabad
Reported in : (1983)4ITD231(Hyd.)
..... that the institution is existing solely for educational purposes and not for purposes of profit.instructions were issued in the context of the question of treatment of a university or other educational institution within the meaning of section 10(22) or a hospital or other institution under section 10(22/a) and the instructions have been ..... is owned by the society. it was the assessee's case that its surplus income was exempt from tax under section 10(22) of the income-tax act, 1961 ('the act'). this claim was negatived by the ito on the ground that the assessee is a society which runs the school, while according to him, it is only ..... 'manifestly erroneous'. the madras high court in addl.cit v. aditanar educational institution [1979] 118 itr 235 found that a similar society registered under the societies registration act, 1960 to run educational institution could be treated as an educational institution itself under section 10(22). we also have a decision of the andhra pradesh high court .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Hyderabad
Reported in : (1994)48ITD292(Hyd.)
..... years, namely the year in which the lump sum consideration is paid and the five immediately succeeding years. where the know-how is developed in a laboratory, university or institution referred to in sub-section (2b) of section 32a, the consideration shall be spread equally over three years.therefore, it was argued that this ..... the contracts themselves with the foreign buyers. the entire documentation thus established that this export business was done only by the assessee and the sister concern acted as an agent of the assessee. the other objection that the deduction under section 80hhc is not available where there is no profit from the export ..... that the provisions of section 35ab were intended to give special deduction as special incentive to persons who are already in business. this provision was introduced under finance act, 1985. memorandum explaining the provisions of the finance bill, 1985 are found given in 152 itr, and the relevant provision, namely section 35ab were explained at .....
Tag this Judgment!