https://www.taxtmi.com/caselaws?id=15126 The dominant issue was whether an educational society was disentitled to exemption under s.10(22) on allegations that its funds were misutilised for members' personal gain and properties. The HC held that the appellate authority's factual finding, based on the balance sheet and records, showed no identifiable diversion of income and that funds could not be said to have been used for non-educational purposes; regulatory recognition and availability of other remedial action for mismanagement further supported this conclusion. The Tribunal's concurrence and the SC approach requiring an overall, non-hypertechnical view of s.10(22) reinforced the determination. Consequently, no substantial question of law arose and the revenue appeal was dismissed, sustaining the exemption. en-us Thu, 12 Aug 1999 00:00:00 +0530 Fri, 19 Dec 2025 22:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15126 The dominant issue was whether an educational society was disentitled to exemption under s.10(22) on allegations that its funds were misutilised for members' personal gain and properties. The HC held that the appellate authority's factual finding, based on the balance sheet and records, showed no identifiable diversion of income and that funds could not be said to have been used for non-educational purposes; regulatory recognition and availability of other remedial action for mismanagement further supported this conclusion. The Tribunal's concurrence and the SC approach requiring an overall, non-hypertechnical view of s.10(22) reinforced the determination. Consequently, no substantial question of law arose and the revenue appeal was dismissed, sustaining the exemption. Case-Laws Income Tax Thu, 12 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15126