https://www.taxtmi.com/caselaws?id=354633 The Tribunal allowed the appeal, reinstating the approval under section 10(23C)(vi) of the Income Tax Act. It held that the institution's primary purpose was educational, and any surplus generated was reinvested in educational infrastructure, aligning with the Supreme Court's interpretation. The Tribunal emphasized that educational institutions can generate surplus as long as it is used for educational purposes and stressed the significance of adhering to principles of natural justice in administrative proceedings. en-us Tue, 30 Jan 2018 00:00:00 +0530 Thu, 01 Feb 2018 06:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354633 The Tribunal allowed the appeal, reinstating the approval under section 10(23C)(vi) of the Income Tax Act. It held that the institution's primary purpose was educational, and any surplus generated was reinvested in educational infrastructure, aligning with the Supreme Court's interpretation. The Tribunal emphasized that educational institutions can generate surplus as long as it is used for educational purposes and stressed the significance of adhering to principles of natural justice in administrative proceedings. Case-Laws Income Tax Tue, 30 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354633