https://www.taxtmi.com/caselaws?id=212527 Approval under section 10(23C)(vi) depends on whether a university or educational institution is genuinely constituted solely for educational purposes and lacks a profit motive. The institution's governing statute, objects and dominant purpose determine this status; receipt of corpus funds does not change its educational character. Actual commencement of full educational operations is not a condition precedent to approval. Genuine preparatory steps, including infrastructure development, prompt application and subsequent commencement of academic activities, may establish that the institution exists for educational purposes. Refusal of approval was unsustainable and required fresh consideration in line with these principles. en-us Fri, 11 Nov 2011 00:00:00 +0530 Wed, 21 Nov 2012 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212527 Approval under section 10(23C)(vi) depends on whether a university or educational institution is genuinely constituted solely for educational purposes and lacks a profit motive. The institution's governing statute, objects and dominant purpose determine this status; receipt of corpus funds does not change its educational character. Actual commencement of full educational operations is not a condition precedent to approval. Genuine preparatory steps, including infrastructure development, prompt application and subsequent commencement of academic activities, may establish that the institution exists for educational purposes. Refusal of approval was unsustainable and required fresh consideration in line with these principles. Case-Laws Income Tax Fri, 11 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212527