Cit Exemption News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Court said that both Oxfam and Care India will only accept domestic donations.

The Supreme Court has agreed to examine an important legal question regarding income tax exemption for nuns and priests working as teachers in government-aided Christian missionary schools. The court will consider listing the plea which challenges the imposition of income tax on the income of these teachers.

Asserting that a woman is not a chattel and has an identity of her own, a bench of Justices M R Shah and B V Nagarathna said no justification has been shown to exclude a Sikkimese woman from such exemption.

In two separate verdicts, the SC ruled that educational institutions seeking Income Tax rebates under Section 10 (23C) must only be imparting education and not making a profit.

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