https://www.taxtmi.com/caselaws?id=75307 HC held that the society did not qualify for exemption under section 10(23C)(iiiad) because it pursued education primarily to generate and expand income rather than to advance other charitable objects. Investments in buildings and furniture were financed from surplus educational receipts to enhance earning capacity, not to further charitable or public-welfare aims. The HC set aside the ITAT's order, affirmed the AO's assessment, and decided the issue in favour of the Revenue and against the assessees. en-us Mon, 24 Sep 2007 00:00:00 +0530 Sat, 13 Sep 2025 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75307 HC held that the society did not qualify for exemption under section 10(23C)(iiiad) because it pursued education primarily to generate and expand income rather than to advance other charitable objects. Investments in buildings and furniture were financed from surplus educational receipts to enhance earning capacity, not to further charitable or public-welfare aims. The HC set aside the ITAT's order, affirmed the AO's assessment, and decided the issue in favour of the Revenue and against the assessees. Case-Laws Income Tax Mon, 24 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75307