https://www.taxtmi.com/caselaws?id=19423 The court held that the trust qualified for exemption under section 10(22) of the Income-tax Act as its income was derived solely from educational activities, and the trust operated for educational purposes without profit motives. Despite the broad objects clause of the trust, the court emphasized that its current activities were limited to running educational institutions. The surplus income generated was reinvested back into the schools for educational and developmental purposes, demonstrating a non-profit orientation. The court dismissed the petition, finding no error in the Tribunal's decision and no referable question of law. en-us Fri, 04 Nov 1994 00:00:00 +0530 Fri, 06 Nov 2009 11:11:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19423 The court held that the trust qualified for exemption under section 10(22) of the Income-tax Act as its income was derived solely from educational activities, and the trust operated for educational purposes without profit motives. Despite the broad objects clause of the trust, the court emphasized that its current activities were limited to running educational institutions. The surplus income generated was reinvested back into the schools for educational and developmental purposes, demonstrating a non-profit orientation. The court dismissed the petition, finding no error in the Tribunal's decision and no referable question of law. Case-Laws Income Tax Fri, 04 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19423