https://www.taxtmi.com/highlights?id=44804 Refusal of exemption u/s 10(22) - the acquisition of property in the name of individuals is indicative of the fact that the profits of the institution was being used for self aggrandizement; which is the explicit motive. The explanation that the property was inadvertently purchased in the name of individuals by an innocuous mistake, can only be taken with a pinch of salt. en-us Thu, 28 Feb 2019 16:09:18 +0530 Thu, 28 Feb 2019 16:09:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=44804 Refusal of exemption u/s 10(22) - the acquisition of property in the name of individuals is indicative of the fact that the profits of the institution was being used for self aggrandizement; which is the explicit motive. The explanation that the property was inadvertently purchased in the name of individuals by an innocuous mistake, can only be taken with a pinch of salt. Highlights Income Tax Thu, 28 Feb 2019 16:09:18 +0530 https://www.taxtmi.com/highlights?id=44804