https://www.taxtmi.com/caselaws?id=369073 The Tribunal ruled in favor of the respondent-society in a case concerning the interpretation of Section 10(23C)(vi) of the Income Tax Act, 1961. It emphasized that approval for exemption under this provision hinges on the genuineness of educational activities, clarifying that the absence of a dissolution clause in the Memorandum of Association does not affect eligibility. Despite concerns raised by the Chief Commissioner of Income Tax, the Tribunal found the educational objectives of the society credible, leading to the grant of approval under Section 10(23C)(vi). en-us Wed, 19 Sep 2018 00:00:00 +0530 Thu, 18 Oct 2018 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369073 The Tribunal ruled in favor of the respondent-society in a case concerning the interpretation of Section 10(23C)(vi) of the Income Tax Act, 1961. It emphasized that approval for exemption under this provision hinges on the genuineness of educational activities, clarifying that the absence of a dissolution clause in the Memorandum of Association does not affect eligibility. Despite concerns raised by the Chief Commissioner of Income Tax, the Tribunal found the educational objectives of the society credible, leading to the grant of approval under Section 10(23C)(vi). Case-Laws Income Tax Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369073