https://www.taxtmi.com/caselaws?id=65653 The Tribunal concluded that the assessee, a corporation formed by the Government of Assam, was entitled to exemption under section 10(22) of the Income-tax Act, 1961. The Tribunal found that the assessee qualified as an educational institution existing solely for educational purposes and not for profit, primarily engaged in printing and publishing textbooks. Despite ancillary objects in its Memorandum of Association, the Tribunal held that the assessee's activities did not indicate a profit motive. The Tribunal dismissed the Department's appeals, affirming the assessee's eligibility for exemption based on relevant legal provisions and judicial precedents. en-us Wed, 30 Apr 2003 00:00:00 +0530 Fri, 18 Feb 2011 11:48:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65653 The Tribunal concluded that the assessee, a corporation formed by the Government of Assam, was entitled to exemption under section 10(22) of the Income-tax Act, 1961. The Tribunal found that the assessee qualified as an educational institution existing solely for educational purposes and not for profit, primarily engaged in printing and publishing textbooks. Despite ancillary objects in its Memorandum of Association, the Tribunal held that the assessee's activities did not indicate a profit motive. The Tribunal dismissed the Department's appeals, affirming the assessee's eligibility for exemption based on relevant legal provisions and judicial precedents. Case-Laws Income Tax Wed, 30 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65653