https://www.taxtmi.com/caselaws?id=273095 The Tribunal upheld the CIT(E)'s decision to reject the application for exemption under Section 10(23C)(vi) of the Income Tax Act. The applicant failed to demonstrate that it existed solely for educational purposes and not for profit. The accumulation of surpluses, lack of utilization of funds for educational activities, and the comparison with private institutions indicated that the applicant's activities were profit-oriented. The appeal of the applicant was dismissed. en-us Fri, 23 Feb 2018 00:00:00 +0530 Tue, 05 Jun 2018 07:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273095 The Tribunal upheld the CIT(E)'s decision to reject the application for exemption under Section 10(23C)(vi) of the Income Tax Act. The applicant failed to demonstrate that it existed solely for educational purposes and not for profit. The accumulation of surpluses, lack of utilization of funds for educational activities, and the comparison with private institutions indicated that the applicant's activities were profit-oriented. The appeal of the applicant was dismissed. Case-Laws Income Tax Fri, 23 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273095