https://www.taxtmi.com/caselaws?id=214295 The Tribunal allowed the appeal, determining that the assessee was eligible for exemption under Sections 11 and 12 of the Income-tax Act, 1961, based on its engagement in imparting formal education recognized by Annamalai University. The Tribunal emphasized that education is considered charitable, even if a surplus is generated. The Tribunal directed the Assessing Officer to reevaluate the alleged violations under Section 13(1)(c) and Section 11(5) to confirm the eligibility for exemption. en-us Thu, 31 May 2012 00:00:00 +0530 Tue, 13 Feb 2018 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214295 The Tribunal allowed the appeal, determining that the assessee was eligible for exemption under Sections 11 and 12 of the Income-tax Act, 1961, based on its engagement in imparting formal education recognized by Annamalai University. The Tribunal emphasized that education is considered charitable, even if a surplus is generated. The Tribunal directed the Assessing Officer to reevaluate the alleged violations under Section 13(1)(c) and Section 11(5) to confirm the eligibility for exemption. Case-Laws Income Tax Thu, 31 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214295