https://www.taxtmi.com/caselaws?id=11466 The High Court of BOMBAY upheld the Tribunal's decision regarding the interpretation of section 10(22) of the Income-tax Act, 1961. The court affirmed that the educational institution, primarily engaged in providing technical education, qualified for exemption as its main purpose was educational and not for profit. The court emphasized the institution's obligation to demonstrate its existence solely for educational purposes annually to claim exemption under section 10(22). The appeals were dismissed, and no costs were awarded, establishing the necessity for educational institutions to meet specific criteria to qualify for income exemption under the Act. en-us Thu, 13 Feb 2003 00:00:00 +0530 Mon, 10 Aug 2009 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11466 The High Court of BOMBAY upheld the Tribunal's decision regarding the interpretation of section 10(22) of the Income-tax Act, 1961. The court affirmed that the educational institution, primarily engaged in providing technical education, qualified for exemption as its main purpose was educational and not for profit. The court emphasized the institution's obligation to demonstrate its existence solely for educational purposes annually to claim exemption under section 10(22). The appeals were dismissed, and no costs were awarded, establishing the necessity for educational institutions to meet specific criteria to qualify for income exemption under the Act. Case-Laws Income Tax Thu, 13 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11466