Dismissing the appeal of the Revenue the Court held that ever since the inception of the assessee-society, it had been treated as an association. It was not disputed that the assessee was registered under the provisions of the Tamil Nadu Societies Registration Act, 1975 and had been treated as an association/society since 1987. On the facts and in the circumstances of the case the Tribunal was right in holding that the assessee was entitled to exemption under section 10(21) of the Act. (AY. 2010-11, 2011-12 and 2015-16)
CIT v. International Institute of Bio-Technology and Toxicology (2022) 445 ITR 499 (Mad.)(HC)
S. 10(21) : Scientific research association Agricultural research Registered under Tamil Nadu Societies Registration Act-Entitle to exemption. [Tamil Nadu Societies Registration Act, 1975]