Section 10(23C) Exemptions: Educational Institutions Qualify Even with Surplus, If Not-for-Profit Criteria Are Met. https://www.taxtmi.com/highlights?id=6817 Exemption - Surplus - The provisions of Section 10(23C) cannot be interpreted regressively to deny exemptions. So long as the institution exists solely for educational purposes and not for profit, the test is met - HC en-us Tue, 12 Feb 2013 12:17:18 +0530 Tue, 12 Feb 2013 12:17:18 +0530 TaxTMI RSS Generator Section 10(23C) Exemptions: Educational Institutions Qualify Even with Surplus, If Not-for-Profit Criteria Are Met. https://www.taxtmi.com/highlights?id=6817 Exemption - Surplus - The provisions of Section 10(23C) cannot be interpreted regressively to deny exemptions. So long as the institution exists solely for educational purposes and not for profit, the test is met - HC Highlights Income Tax Tue, 12 Feb 2013 12:17:18 +0530 https://www.taxtmi.com/highlights?id=6817