Supreme Court of India
Visvesvaraya Technological University v. Assistant Commissioner of Income Tax
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
1 Supreme Court bench has cited this judgment.
What the Court ordered
For the aforesaid reasons, we do not find the present to be a fit case for interference.
Judgment, page 10
From the headnote
Income Tax Act, 1961 -- s.10(23C)(iiiab) - Exemption under - Entitlement to the assessee-University - Held: The entitlement for the exemption is subject to two conditions (i) The University is solely for the purpose of education without profit motive, and (ii) it must be wholly or substantially financed by the Government - In the present case, the first condition is fulfilled by the University, but not the second - Therefore, the assessee-University is not entitled to exemption from payment of tax - Visweswaraiah Technological University Act, 1994 - s.23. Government Grants - Fees collected
Authorities it was built on
- 2003 Islamic Academy of Education and Another v. State of Karnataka and Others
- 1979 Additional Commissioner of Income-tax Gujarat, Ahmedabad v. Surat Art Silk Cloth Manufacturers Association, Surat
- 2015 M/s. Queen's Educational Society v. Commissioner of Income Tax
- 2008 American Hotel & Lodging Assn. Edu. Ins. v. Central Board of Direct Taxes & Ors.
Where later benches applied it
Of those, 1 referred to
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