https://www.taxtmi.com/caselaws?id=398742 The Tribunal found in favor of the appellant, ruling that the rescission of approval under Section 10(23C)(vi) of the Income Tax Act was not justified. It was established that the society operated solely for educational purposes, not for profit, and had appropriately applied its income. The Tribunal dismissed allegations of improper fund investment, diversion of funds, and non-charging of interest, emphasizing the society's adherence to legal requirements. The appeal was allowed, the rescission order was overturned, and the society's charitable status was upheld. en-us Fri, 11 Sep 2020 00:00:00 +0530 Wed, 23 Sep 2020 10:33:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398742 The Tribunal found in favor of the appellant, ruling that the rescission of approval under Section 10(23C)(vi) of the Income Tax Act was not justified. It was established that the society operated solely for educational purposes, not for profit, and had appropriately applied its income. The Tribunal dismissed allegations of improper fund investment, diversion of funds, and non-charging of interest, emphasizing the society's adherence to legal requirements. The appeal was allowed, the rescission order was overturned, and the society's charitable status was upheld. Case-Laws Income Tax Fri, 11 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398742