https://www.taxtmi.com/caselaws?id=375961 The High Court upheld the Tribunal's decision in a case concerning exemption under Section 10(22) of the Income Tax Act. The Court found that the charitable institution did not meet the criteria for exemption as the property was purchased in the names of individuals, indicating a profit motive rather than a focus on educational purposes. The Court dismissed the appeal, affirming that the society's primary objective was not solely educational and non-profit, as required by the law. en-us Wed, 16 Jan 2019 00:00:00 +0530 Thu, 28 Feb 2019 07:02:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375961 The High Court upheld the Tribunal's decision in a case concerning exemption under Section 10(22) of the Income Tax Act. The Court found that the charitable institution did not meet the criteria for exemption as the property was purchased in the names of individuals, indicating a profit motive rather than a focus on educational purposes. The Court dismissed the appeal, affirming that the society's primary objective was not solely educational and non-profit, as required by the law. Case-Laws Income Tax Wed, 16 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375961