https://www.taxtmi.com/caselaws?id=180098 The appeals by the revenue against the Ld CIT(A)'s order regarding exemption u/s 11 r/w sec. 12 of the Income Tax Act, 1961 for the Assessment Year 2007-08 were dismissed. The ITAT held that the school operated by the assessee society, registered u/s 12A, aimed at providing education without profit motive. The Assessing Officer's view of the school as a profit-making entity was rejected, and the ITAT allowed the exemption u/s 11, emphasizing that imparting education is a charitable purpose distinct from a profit-making business. en-us Wed, 07 Nov 2012 00:00:00 +0530 Wed, 16 Mar 2016 15:10:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180098 The appeals by the revenue against the Ld CIT(A)'s order regarding exemption u/s 11 r/w sec. 12 of the Income Tax Act, 1961 for the Assessment Year 2007-08 were dismissed. The ITAT held that the school operated by the assessee society, registered u/s 12A, aimed at providing education without profit motive. The Assessing Officer's view of the school as a profit-making entity was rejected, and the ITAT allowed the exemption u/s 11, emphasizing that imparting education is a charitable purpose distinct from a profit-making business. Case-Laws Income Tax Wed, 07 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180098