https://www.taxtmi.com/caselaws?id=122980 The SC held that education constitutes an occupation and service to society but cannot be equated to trade or business. The court recognized education as a useful activity whether conducted for charity or profit, emphasizing its status as national wealth essential for the nation's progress and prosperity. This distinction separates educational activities from commercial enterprises while acknowledging their occupational nature. en-us Fri, 12 Aug 2005 00:00:00 +0530 Fri, 11 Jul 2025 18:01:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122980 The SC held that education constitutes an occupation and service to society but cannot be equated to trade or business. The court recognized education as a useful activity whether conducted for charity or profit, emphasizing its status as national wealth essential for the nation's progress and prosperity. This distinction separates educational activities from commercial enterprises while acknowledging their occupational nature. Case-Laws Indian Laws Fri, 12 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122980