https://www.taxtmi.com/caselaws?id=276823 The court held that the petitioner society, despite its fee structure and surplus generation, qualifies for exemption under Section 10(23C)(iv) of the Income Tax Act. The court emphasized that the society's primary purpose of imparting education outweighed other ancillary objectives aimed at earning profits. Relying on legal precedents, the court clarified that as long as the surplus generated is incidental to the educational purpose, it does not disqualify the institution from being considered charitable. The court quashed the rejection of the society's exemption application and directed the respondent to grant the exemption for the relevant assessment year. en-us Fri, 17 Nov 2017 00:00:00 +0530 Mon, 19 Nov 2018 06:58:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276823 The court held that the petitioner society, despite its fee structure and surplus generation, qualifies for exemption under Section 10(23C)(iv) of the Income Tax Act. The court emphasized that the society's primary purpose of imparting education outweighed other ancillary objectives aimed at earning profits. Relying on legal precedents, the court clarified that as long as the surplus generated is incidental to the educational purpose, it does not disqualify the institution from being considered charitable. The court quashed the rejection of the society's exemption application and directed the respondent to grant the exemption for the relevant assessment year. Case-Laws Income Tax Fri, 17 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276823