https://www.taxtmi.com/caselaws?id=247971 The court ruled in favor of the petitioner, a society registered under the Societies Registration Act, in a case challenging the denial of exemption under Section 10(23C)(vi) of the Income Tax Act. The court found that the petitioner exists solely for educational purposes, justifying the surplus generated for modernization and infrastructure. It concluded that the petitioner's activities were genuine, and any lapses in contracts did not indicate misuse of funds. The court granted the exemption for the relevant years, subject to compliance with the Act's provisions. en-us Fri, 23 May 2014 00:00:00 +0530 Sat, 21 Feb 2015 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247971 The court ruled in favor of the petitioner, a society registered under the Societies Registration Act, in a case challenging the denial of exemption under Section 10(23C)(vi) of the Income Tax Act. The court found that the petitioner exists solely for educational purposes, justifying the surplus generated for modernization and infrastructure. It concluded that the petitioner's activities were genuine, and any lapses in contracts did not indicate misuse of funds. The court granted the exemption for the relevant years, subject to compliance with the Act's provisions. Case-Laws Income Tax Fri, 23 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247971