https://www.taxtmi.com/circulars?id=9125 Income of educational institutions and hospitals is exempt under 10(22) and 10(22A) only if they exist solely for educational or philanthropic purposes and not for profit; a year end surplus does not bar exemption provided it cannot be diverted for personal use and is applied to the institution's educational or philanthropic objects, otherwise exemption fails and applicability of the trust/income application regime should be examined. en-us Sat, 29 Oct 1977 00:00:00 +0530 Thu, 02 Jun 2011 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9125 Income of educational institutions and hospitals is exempt under 10(22) and 10(22A) only if they exist solely for educational or philanthropic purposes and not for profit; a year end surplus does not bar exemption provided it cannot be diverted for personal use and is applied to the institution's educational or philanthropic objects, otherwise exemption fails and applicability of the trust/income application regime should be examined. Circulars Income Tax Sat, 29 Oct 1977 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9125