https://www.taxtmi.com/caselaws?id=274984 The appellate tribunal granted approval to the appellant trust under section 10(23C)(vi) of the Income Tax Act, 1961, for its educational institution. The trust's school met the criteria of existing solely for education and not for profit, as it adhered to CBSE guidelines and utilized funds for educational purposes without diversion. Approval was subject to conditions preventing fund misuse, overturning the competent authority's rejection and emphasizing the trust's ownership of the school as crucial for eligibility. en-us Wed, 09 May 2018 00:00:00 +0530 Wed, 12 Sep 2018 19:44:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274984 The appellate tribunal granted approval to the appellant trust under section 10(23C)(vi) of the Income Tax Act, 1961, for its educational institution. The trust's school met the criteria of existing solely for education and not for profit, as it adhered to CBSE guidelines and utilized funds for educational purposes without diversion. Approval was subject to conditions preventing fund misuse, overturning the competent authority's rejection and emphasizing the trust's ownership of the school as crucial for eligibility. Case-Laws Income Tax Wed, 09 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274984