https://www.taxtmi.com/caselaws?id=355181 The court dismissed the writ petitions challenging the withdrawal of income tax exemption approval under Section 10(23-C)(vi) of the Income Tax Act, 1961 for an educational trust. The withdrawal was upheld due to findings of capitation fees collection, misuse of funds for non-educational purposes, and non-compliance with approval conditions. The court found retrospective withdrawal valid from 01/04/2009, citing evidence of illegal activities dating back to 2010-11. The Trust's misuse of funds led to the denial of exemption, emphasizing the need for genuine educational activities for tax benefits. en-us Mon, 05 Feb 2018 00:00:00 +0530 Thu, 19 Jul 2018 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355181 The court dismissed the writ petitions challenging the withdrawal of income tax exemption approval under Section 10(23-C)(vi) of the Income Tax Act, 1961 for an educational trust. The withdrawal was upheld due to findings of capitation fees collection, misuse of funds for non-educational purposes, and non-compliance with approval conditions. The court found retrospective withdrawal valid from 01/04/2009, citing evidence of illegal activities dating back to 2010-11. The Trust's misuse of funds led to the denial of exemption, emphasizing the need for genuine educational activities for tax benefits. Case-Laws Income Tax Mon, 05 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355181