https://www.taxtmi.com/caselaws?id=71491 The Tribunal denied exemptions under sections 10(22), 10(21), and 11 to the assessee, ruling that it did not qualify as an educational institution or scientific research association and failed to meet charitable trust requirements. The Tribunal upheld the levy of interest under sections 139 and 217 as consequential to the denial of exemptions. Consequently, the Tribunal upheld the CIT (Appeals) decision to tax the assessee's entire income at the maximum marginal rate for the assessment years 1986-87 and 1987-88. en-us Thu, 29 Sep 1994 00:00:00 +0530 Mon, 25 Apr 2011 11:43:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71491 The Tribunal denied exemptions under sections 10(22), 10(21), and 11 to the assessee, ruling that it did not qualify as an educational institution or scientific research association and failed to meet charitable trust requirements. The Tribunal upheld the levy of interest under sections 139 and 217 as consequential to the denial of exemptions. Consequently, the Tribunal upheld the CIT (Appeals) decision to tax the assessee's entire income at the maximum marginal rate for the assessment years 1986-87 and 1987-88. Case-Laws Income Tax Thu, 29 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71491