https://www.taxtmi.com/caselaws?id=182537 The High Court upheld the society's eligibility for income tax exemption under section 10(22) of the Income-tax Act, 1961, for the assessment year 1998-99. The court found no profit motive in the society's operations and emphasized its educational objectives, dismissing the Assessing Officer's denial of exemption based on the surplus declared by the society. The court cited relevant case laws and precedents to support its decision, stating that the society's past exemptions and educational nature justified the exemption under section 10(22). Penalty proceedings under section 271(1)(c) were not pursued due to the court's ruling on the exemption issue. en-us Wed, 05 Apr 2006 00:00:00 +0530 Thu, 12 May 2016 18:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182537 The High Court upheld the society's eligibility for income tax exemption under section 10(22) of the Income-tax Act, 1961, for the assessment year 1998-99. The court found no profit motive in the society's operations and emphasized its educational objectives, dismissing the Assessing Officer's denial of exemption based on the surplus declared by the society. The court cited relevant case laws and precedents to support its decision, stating that the society's past exemptions and educational nature justified the exemption under section 10(22). Penalty proceedings under section 271(1)(c) were not pursued due to the court's ruling on the exemption issue. Case-Laws Income Tax Wed, 05 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182537