Denial of Exemption to unregistered Charitable Institutions: Supreme Court upholds Kerala HC judgment against Academy of Medical Sciences [Read Order]
In instances where no tax has been paid on the declared income, the assessee cannot claim exemption from the consequences outlined in Sections 201(1) and 40(a)(ia)
By Amal Michael - On January 12, 2024 1:07 pm - 2 mins read
A two judge bench of the Supreme Court dismissed a Special Leave Petitions claiming exemption from taxes to unregistered charitable institutions. The court condoned the delay in implementation of the order. The assessee, Academy of Medical Sciences had recorded lease rent in favor of Kerala State Co-operative Hospital Complex and Centre for Advanced Medical Services…
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