https://www.taxtmi.com/caselaws?id=118152 The appellant society, primarily engaged in education, claimed exemption under section 10(23C)(iiiad) of the Income-tax Act. The Assessing Officer (AO) disputed this, alleging profit-making motives and diversion of surplus for non-educational purposes. The CIT(A) ruled in favor of the society, emphasizing its educational objectives and proper use of surplus for educational enhancements. The tribunal found the society eligible for exemption, noting the surplus was incidental to educational purposes, per relevant case law interpretations. The appeal was dismissed, affirming the society's entitlement to exemption under section 10(23C)(iiiad) of the Act. en-us Fri, 07 Jul 2006 00:00:00 +0530 Thu, 28 Jun 2012 17:24:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118152 The appellant society, primarily engaged in education, claimed exemption under section 10(23C)(iiiad) of the Income-tax Act. The Assessing Officer (AO) disputed this, alleging profit-making motives and diversion of surplus for non-educational purposes. The CIT(A) ruled in favor of the society, emphasizing its educational objectives and proper use of surplus for educational enhancements. The tribunal found the society eligible for exemption, noting the surplus was incidental to educational purposes, per relevant case law interpretations. The appeal was dismissed, affirming the society's entitlement to exemption under section 10(23C)(iiiad) of the Act. Case-Laws Income Tax Fri, 07 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118152