https://www.taxtmi.com/caselaws?id=248446 The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decision to grant the assessee trust exemption under Section 11 of the Income Tax Act. The Tribunal held that the trust's activities, including non-approved courses, qualify as educational and charitable purposes. It emphasized that profit generation does not disqualify the trust from exemption as long as profits are used for charitable objectives. The decision was supported by an analysis of the trust's objectives, legal definitions of education, and judicial precedents. en-us Wed, 30 Nov 2011 00:00:00 +0530 Thu, 12 Jun 2014 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248446 The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decision to grant the assessee trust exemption under Section 11 of the Income Tax Act. The Tribunal held that the trust's activities, including non-approved courses, qualify as educational and charitable purposes. It emphasized that profit generation does not disqualify the trust from exemption as long as profits are used for charitable objectives. The decision was supported by an analysis of the trust's objectives, legal definitions of education, and judicial precedents. Case-Laws Income Tax Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248446