https://www.taxtmi.com/caselaws?id=211172 The ITAT partially allowed the appeal, ruling that the Trust did not qualify for exemption under Section 10(23C)(iiiae) due to not existing solely for educational purposes. It clarified that donations towards the trust's corpus should not be included in calculating receipts for exemption purposes. Despite the denial of exemption under Section 10(23C)(iiiae), the Trust was deemed eligible for benefits under Sections 11 to 13 as a registered trust under Section 12A. The disallowance of depreciation on the medical college building was upheld due to passive use without necessary approval. en-us Fri, 08 Jul 2011 00:00:00 +0530 Thu, 08 Mar 2012 19:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211172 The ITAT partially allowed the appeal, ruling that the Trust did not qualify for exemption under Section 10(23C)(iiiae) due to not existing solely for educational purposes. It clarified that donations towards the trust's corpus should not be included in calculating receipts for exemption purposes. Despite the denial of exemption under Section 10(23C)(iiiae), the Trust was deemed eligible for benefits under Sections 11 to 13 as a registered trust under Section 12A. The disallowance of depreciation on the medical college building was upheld due to passive use without necessary approval. Case-Laws Income Tax Fri, 08 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211172