https://www.taxtmi.com/caselaws?id=333026 The High Court upheld the Tribunal's decision to grant registration to the society, emphasizing the public utility nature of the institute's objectives and its financial sustainability model. The Court clarified the application of Section 2(15) proviso, stating that at the registration stage, the proviso's assessment was premature, and its applicability would be considered during exemption granting. Consequently, the tax appeal was dismissed. en-us Mon, 18 Jul 2016 00:00:00 +0530 Mon, 03 Oct 2016 00:08:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333026 The High Court upheld the Tribunal's decision to grant registration to the society, emphasizing the public utility nature of the institute's objectives and its financial sustainability model. The Court clarified the application of Section 2(15) proviso, stating that at the registration stage, the proviso's assessment was premature, and its applicability would be considered during exemption granting. Consequently, the tax appeal was dismissed. Case-Laws Income Tax Mon, 18 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333026