https://www.taxtmi.com/caselaws?id=361235 The Tribunal upheld the rejection of an educational institution's application for approval under Section 10(23C)(vi) of the Income Tax Act, 1961. The institution's inclusion of non-educational objects in its Memorandum of Association rendered it ineligible for the exemption, as it did not exist solely for educational purposes. The Tribunal emphasized the importance of meeting the requirement of existing solely for educational purposes to qualify for the exemption and dismissed the appeal accordingly. en-us Wed, 30 May 2018 00:00:00 +0530 Sat, 02 Jun 2018 12:58:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361235 The Tribunal upheld the rejection of an educational institution's application for approval under Section 10(23C)(vi) of the Income Tax Act, 1961. The institution's inclusion of non-educational objects in its Memorandum of Association rendered it ineligible for the exemption, as it did not exist solely for educational purposes. The Tribunal emphasized the importance of meeting the requirement of existing solely for educational purposes to qualify for the exemption and dismissed the appeal accordingly. Case-Laws Income Tax Wed, 30 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361235