https://www.taxtmi.com/caselaws?id=235654 Educational institution's exemption under Section 11 and Section 10(23C)(vi) was upheld because the school property was acquired from the society's funds and used for its educational objects. The director's name in the sale deed was treated as a representative entry, not proof of personal ownership, and the defect was later corrected by a civil court order. The property was also mortgaged with court approval for a loan taken by the society. As no substantiated personal benefit, diversion of funds, or breach of exemption conditions was shown, denial of exemption was not justified. en-us Wed, 17 Jul 2013 00:00:00 +0530 Sat, 05 Apr 2014 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235654 Educational institution's exemption under Section 11 and Section 10(23C)(vi) was upheld because the school property was acquired from the society's funds and used for its educational objects. The director's name in the sale deed was treated as a representative entry, not proof of personal ownership, and the defect was later corrected by a civil court order. The property was also mortgaged with court approval for a loan taken by the society. As no substantiated personal benefit, diversion of funds, or breach of exemption conditions was shown, denial of exemption was not justified. Case-Laws Income Tax Wed, 17 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235654