Bombay High Court Partially Allows Petition Challenging CBDT Condition of Applying 75% Income for Educational Purposes in India Under Section 10(23C)(vi) of Income Tax Act, 1961. Condition held valid but directed to be applied prospectively from assessment year 2010-2011, with stay on recovery of tax demands for earlier years subject to furnishing of security.
30 Jun 2010The petitioner, American Hotel & Lodging Educational Institute, a non-profit organization established in the United States with a branch in India, cha...
