https://www.taxtmi.com/caselaws?id=274306 The Court dismissed the Writ Petition, ruling that the petitioner was not eligible for exemption under Sec. 10(23C)(vi) of the Income Tax Act for the assessment year 2014-15. The deletion of certain objectives was considered prospective, and as the petitioner had multiple objectives, it did not qualify for the exemption meant for organizations solely focused on educational purposes. The judgment underscored the necessity of aligning organizational objectives with the criteria for tax exemption under the applicable provisions of the Act. en-us Fri, 11 Mar 2016 00:00:00 +0530 Mon, 06 Aug 2018 18:46:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274306 The Court dismissed the Writ Petition, ruling that the petitioner was not eligible for exemption under Sec. 10(23C)(vi) of the Income Tax Act for the assessment year 2014-15. The deletion of certain objectives was considered prospective, and as the petitioner had multiple objectives, it did not qualify for the exemption meant for organizations solely focused on educational purposes. The judgment underscored the necessity of aligning organizational objectives with the criteria for tax exemption under the applicable provisions of the Act. Case-Laws Income Tax Fri, 11 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274306