https://www.taxtmi.com/caselaws?id=119090 The Tribunal allowed the appeal, granting the assessee trust exemption under section 10(22) for the income earned by the institution. The Tribunal held that the violation of section 13(1) did not automatically disqualify the trust from exemption under section 10(22), emphasizing that the trust's educational purpose was not compromised by advancing funds to the trustee. The Tribunal relied on Circular No. 712 and a decision of the Hon'ble Delhi High Court to support its conclusion. en-us Fri, 04 Mar 2005 00:00:00 +0530 Sat, 07 Jul 2012 18:44:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119090 The Tribunal allowed the appeal, granting the assessee trust exemption under section 10(22) for the income earned by the institution. The Tribunal held that the violation of section 13(1) did not automatically disqualify the trust from exemption under section 10(22), emphasizing that the trust's educational purpose was not compromised by advancing funds to the trustee. The Tribunal relied on Circular No. 712 and a decision of the Hon'ble Delhi High Court to support its conclusion. Case-Laws Income Tax Fri, 04 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119090