https://www.taxtmi.com/caselaws?id=120945 The Tribunal dismissed the revenue's appeal and upheld the CIT(A)'s decision, granting the educational institution exemptions under sections 11 and 12 of the Income-tax Act. It rejected claims of profit motive and undue benefits, affirming that the surplus income was used for educational purposes. The Tribunal also allowed the filing of Form No. 10 for the accumulation of surplus income, supporting the institution's consistent educational objectives and reasonable payments to related individuals. en-us Fri, 28 Sep 2007 00:00:00 +0530 Thu, 01 Feb 2024 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120945 The Tribunal dismissed the revenue's appeal and upheld the CIT(A)'s decision, granting the educational institution exemptions under sections 11 and 12 of the Income-tax Act. It rejected claims of profit motive and undue benefits, affirming that the surplus income was used for educational purposes. The Tribunal also allowed the filing of Form No. 10 for the accumulation of surplus income, supporting the institution's consistent educational objectives and reasonable payments to related individuals. Case-Laws Income Tax Fri, 28 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120945