https://www.taxtmi.com/caselaws?id=13943 The society, registered under the Societies Registration Act, was granted exemption under section 10(22) of the Income-tax Act as an educational institution by the Income-tax Appellate Tribunal. The Tribunal found the society's primary aim to be the promotion of education, supported by its history and activities, including student development programs. Consequently, the penalty under section 221 of the Income-tax Act was canceled as a result of the exemption granted. The High Court of Rajasthan declined to address the penalty issue separately, emphasizing the society's educational focus and lack of profit motive in determining its eligibility for tax exemption. en-us Fri, 16 Feb 2001 00:00:00 +0530 Mon, 06 Jul 2009 12:09:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13943 The society, registered under the Societies Registration Act, was granted exemption under section 10(22) of the Income-tax Act as an educational institution by the Income-tax Appellate Tribunal. The Tribunal found the society's primary aim to be the promotion of education, supported by its history and activities, including student development programs. Consequently, the penalty under section 221 of the Income-tax Act was canceled as a result of the exemption granted. The High Court of Rajasthan declined to address the penalty issue separately, emphasizing the society's educational focus and lack of profit motive in determining its eligibility for tax exemption. Case-Laws Income Tax Fri, 16 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13943