https://www.taxtmi.com/caselaws?id=14900 The High Court of Madras ruled in favor of an educational trust claiming exemption under section 10(22) of the Income-tax Act, 1961. The court held that the trust, established solely for educational purposes and not for profit, was entitled to the exemption. Emphasizing the trust's objects over its powers, the court rejected the Revenue's argument and followed precedent indicating that income from properties used for educational purposes qualifies for exemption. The court's decision aligned with the Supreme Court's interpretation in Aditanar Educational Institution v. Addl. CIT [1997] 224 ITR 310, concluding in favor of the trust with no costs awarded to the Revenue. en-us Fri, 12 Jun 1998 00:00:00 +0530 Mon, 27 Jul 2009 10:32:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14900 The High Court of Madras ruled in favor of an educational trust claiming exemption under section 10(22) of the Income-tax Act, 1961. The court held that the trust, established solely for educational purposes and not for profit, was entitled to the exemption. Emphasizing the trust's objects over its powers, the court rejected the Revenue's argument and followed precedent indicating that income from properties used for educational purposes qualifies for exemption. The court's decision aligned with the Supreme Court's interpretation in Aditanar Educational Institution v. Addl. CIT [1997] 224 ITR 310, concluding in favor of the trust with no costs awarded to the Revenue. Case-Laws Income Tax Fri, 12 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14900