https://www.taxtmi.com/highlights?id=52942 Exemption u/s 11 denied - grant of approval under Section 10 (23C) (vi) denied - Trust Deed seems to indicate that the source of funds of the petitioner’s trust is only from the school fees to be collected during these financial years. Therefore, it cannot be construed that the petitioner’s Trust’s Schools were not for the purpose of profit. - Benefit of exemption rightly denied - HC en-us Mon, 13 Apr 2020 16:32:05 +0530 Mon, 13 Apr 2020 16:32:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52942 Exemption u/s 11 denied - grant of approval under Section 10 (23C) (vi) denied - Trust Deed seems to indicate that the source of funds of the petitioner’s trust is only from the school fees to be collected during these financial years. Therefore, it cannot be construed that the petitioner’s Trust’s Schools were not for the purpose of profit. - Benefit of exemption rightly denied - HC Highlights Income Tax Mon, 13 Apr 2020 16:32:05 +0530 https://www.taxtmi.com/highlights?id=52942