https://www.taxtmi.com/caselaws?id=5552 SC held that an educational society or trust established to run, manage or assist colleges, schools or other educational institutions solely for educational purposes falls within section 10(22) and is entitled to exemption on donations received. The Court rejected the Revenue's challenge and dismissed all Revenue appeals, while also dismissing the appeals filed by the assessee; there shall be no order as to costs. The availability of the exemption must be assessed each year by the test of whether the institution's object is to make profit; incidental surplus after lawful expenditure does not negate the exemption. en-us Wed, 05 Feb 1997 00:00:00 +0530 Mon, 13 Oct 2025 19:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5552 SC held that an educational society or trust established to run, manage or assist colleges, schools or other educational institutions solely for educational purposes falls within section 10(22) and is entitled to exemption on donations received. The Court rejected the Revenue's challenge and dismissed all Revenue appeals, while also dismissing the appeals filed by the assessee; there shall be no order as to costs. The availability of the exemption must be assessed each year by the test of whether the institution's object is to make profit; incidental surplus after lawful expenditure does not negate the exemption. Case-Laws Income Tax Wed, 05 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5552