https://www.taxtmi.com/caselaws?id=65936 The Tribunal ruled in favor of the society, annulling the assessment and allowing the appeal. It held that the society qualified for tax exemption under section 10(22) of the Income-tax Act, 1961, due to its genuine educational objectives and surplus income utilization for educational purposes. The judgment emphasized compliance with legal precedents and statutory provisions governing tax treatment for educational institutions, rejecting authorities' claims of profit-making activities and ownership issues related to school buildings. en-us Thu, 21 Oct 1982 00:00:00 +0530 Sat, 19 Feb 2011 13:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65936 The Tribunal ruled in favor of the society, annulling the assessment and allowing the appeal. It held that the society qualified for tax exemption under section 10(22) of the Income-tax Act, 1961, due to its genuine educational objectives and surplus income utilization for educational purposes. The judgment emphasized compliance with legal precedents and statutory provisions governing tax treatment for educational institutions, rejecting authorities' claims of profit-making activities and ownership issues related to school buildings. Case-Laws Income Tax Thu, 21 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65936