{"id":59517,"date":"2026-04-17T11:59:36","date_gmt":"2026-04-17T06:29:36","guid":{"rendered":"https:\/\/itatonline.org\/digest\/yash-society-v-chief-cit-2025-306-taxman-355-sc-editorial-affirmed-yash-society-v-ccit-2015-231-taxman-256-375-itr-152-275-ctr-510-bomhc\/"},"modified":"2026-04-17T11:59:36","modified_gmt":"2026-04-17T06:29:36","slug":"yash-society-v-chief-cit-2025-306-taxman-355-sc-editorial-affirmed-yash-society-v-ccit-2015-231-taxman-256-375-itr-152-275-ctr-510-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/yash-society-v-chief-cit-2025-306-taxman-355-sc-editorial-affirmed-yash-society-v-ccit-2015-231-taxman-256-375-itr-152-275-ctr-510-bomhc\/","title":{"rendered":"Yash Society v. Chief CIT (2025) 306 Taxman 355 (SC) Editorial: Affirmed, Yash Society v. CCIT (2015) 231 Taxman 256\/375 ITR 152\/275 CTR 510 (Bom)(HC)"},"content":{"rendered":"<p>The assessee-trust was running a hospital and applied for approval under section 10(23C). The Chief Commissioner rejected the application on the ground that the hospital was being run with a profit motive. On examination of the annual accounts of earlier years, it was found that the assessee was consistently generating surplus, its assets were increasing, and only a very small amount was spent on the weaker sections of society. The High Court held that an institution which appears charitable but is in fact run for profit does not qualify for exemption under section 10(23C), and therefore the rejection of approval was justified. The assessee\u2019s application for withdrawal of appeal against the said high court order was allowed by the Hon. Supreme Court.(AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10 (23C): Hospital-Profit motive-Exemption rightly denied-Permitted to withdraw the appeal-Appeal was dismissed as withdrawn. [S.10(23C)(via), Art. 136] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-59517","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-ftX","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=59517"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59517\/revisions"}],"predecessor-version":[{"id":59518,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59517\/revisions\/59518"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=59517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=59517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=59517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}