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"In s. 10(16), scholarship is used in that sense of some thing in educational opportunity which is given free. The MAYA BAHADUR SINGH TARAGI SINGH TARAGI Item 37 (C-3) basic postulate of a scholarship in c 1. (16) as earlier mentioned is that it is an income receipt. Nonetheless it is excluded from the total income by being brought under s.
10. The view of the income-tax statute of a scholarship therefore differs from the popular or dictionary, view of 'scholarship'. Whereas under the popular view, scholarship is education made available gratis, the sense in which the same expression is used in the I.T. Act is positive payment made to a scholar for pursuit of his education. If the scholarship is made free, it would not naturally come within the ambit of s. 10(16). In the sense of payment, made for studies, scholarship necessarily means some payment made to person to meet the cost of education, the payment being made to the person pursuing the education and incurring the cost thereof.