https://www.taxtmi.com/caselaws?id=354687 The Tribunal allowed the appeal, determining that the appellant existed solely for educational purposes and not for profit. The appellant was granted exemption under Section 11 and Section 10(23C)(vi) of the Income Tax Act. Additionally, it was ruled that accumulation of income for future application should be based on gross receipts. The decision favored the appellant in all aspects. en-us Wed, 31 Jan 2018 00:00:00 +0530 Fri, 02 Feb 2018 09:18:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354687 The Tribunal allowed the appeal, determining that the appellant existed solely for educational purposes and not for profit. The appellant was granted exemption under Section 11 and Section 10(23C)(vi) of the Income Tax Act. Additionally, it was ruled that accumulation of income for future application should be based on gross receipts. The decision favored the appellant in all aspects. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354687