https://www.taxtmi.com/caselaws?id=246993 The Tribunal held that an institute's conduct of examinations, coaching and regulation of members remained within the scope of education and charitable purpose where those activities were ancillary to its main educational objects. It further held that generation of surplus did not, by itself, convert the institute's activities into business or defeat exemption, particularly when consistent coordinate bench and writ decisions had already accepted the same view in the assessee's own case. The exemption claim was therefore upheld and the Revenue's challenge failed. en-us Thu, 17 Apr 2014 00:00:00 +0530 Mon, 28 Apr 2014 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246993 The Tribunal held that an institute's conduct of examinations, coaching and regulation of members remained within the scope of education and charitable purpose where those activities were ancillary to its main educational objects. It further held that generation of surplus did not, by itself, convert the institute's activities into business or defeat exemption, particularly when consistent coordinate bench and writ decisions had already accepted the same view in the assessee's own case. The exemption claim was therefore upheld and the Revenue's challenge failed. Case-Laws Income Tax Thu, 17 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246993