https://www.taxtmi.com/caselaws?id=64076 Section 10(22) exemption depended on whether the educational institution existed solely for educational purposes and not for profit, assessed on an overall year-wise view. The society's objects and assets remained dedicated to education, and there was no material showing diversion of surplus to members or non-educational use, so collection of fees, donations and loans did not by itself establish a profit-making purpose. The Delhi School Education Act, 1973 was held inapplicable to unaided schools, and mere surplus generation was insufficient unless profit was the dominant object. Exemption was therefore allowed and the denial was set aside. en-us Mon, 28 Sep 1998 00:00:00 +0530 Thu, 03 Feb 2011 16:19:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64076 Section 10(22) exemption depended on whether the educational institution existed solely for educational purposes and not for profit, assessed on an overall year-wise view. The society's objects and assets remained dedicated to education, and there was no material showing diversion of surplus to members or non-educational use, so collection of fees, donations and loans did not by itself establish a profit-making purpose. The Delhi School Education Act, 1973 was held inapplicable to unaided schools, and mere surplus generation was insufficient unless profit was the dominant object. Exemption was therefore allowed and the denial was set aside. Case-Laws Income Tax Mon, 28 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64076