https://www.taxtmi.com/caselaws?id=77846 The Punjab and Haryana High Court upheld the Chief Commissioner of Income-tax's decision to deny exemption under section 10(23C)(vi) of the Income-tax Act, 1961 for assessment years 2008-09 to 2010-11 to an educational institution due to failure to meet income application requirements for educational purposes. The court affirmed the necessity of complying with prescribed income utilization percentages and accumulation limits, as per the Supreme Court's precedent. The petition challenging the denial was dismissed, with the court finding no legal basis to overturn the Chief Commissioner's decision. en-us Tue, 10 Feb 2009 00:00:00 +0530 Fri, 15 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77846 The Punjab and Haryana High Court upheld the Chief Commissioner of Income-tax's decision to deny exemption under section 10(23C)(vi) of the Income-tax Act, 1961 for assessment years 2008-09 to 2010-11 to an educational institution due to failure to meet income application requirements for educational purposes. The court affirmed the necessity of complying with prescribed income utilization percentages and accumulation limits, as per the Supreme Court's precedent. The petition challenging the denial was dismissed, with the court finding no legal basis to overturn the Chief Commissioner's decision. Case-Laws Income Tax Tue, 10 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77846