https://www.taxtmi.com/caselaws?id=257685 SC dismissed Revenue's appeals and upheld the High Courts' decisions granting exemption under Section 10(23C), holding that the correct tests from prior SC precedents govern whether an educational institution exists solely for educational purposes and not for profit. The SC set aside the contrary Uttarakhand HC view and clarified that assessing authorities must monitor compliance year to year (13th proviso to s.10(23C)) and may withdraw approval/exemption if conditions are not genuinely met. Revenue may pass fresh orders after applying s.10(23C) read with s.11. Decision for the assessee. en-us Mon, 16 Mar 2015 00:00:00 +0530 Sat, 27 Jun 2026 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257685 SC dismissed Revenue's appeals and upheld the High Courts' decisions granting exemption under Section 10(23C), holding that the correct tests from prior SC precedents govern whether an educational institution exists solely for educational purposes and not for profit. The SC set aside the contrary Uttarakhand HC view and clarified that assessing authorities must monitor compliance year to year (13th proviso to s.10(23C)) and may withdraw approval/exemption if conditions are not genuinely met. Revenue may pass fresh orders after applying s.10(23C) read with s.11. Decision for the assessee. Case-Laws Income Tax Mon, 16 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257685