https://www.taxtmi.com/caselaws?id=23671 The High Court ruled in favor of the Revenue and against the assessee in a case concerning the applicability of Section 10(22) of the Income-tax Act to a public charitable trust. The court upheld the Tribunal's decision that the trust did not qualify for full exemption under Section 10(22) as its income was not solely derived from educational activities. Instead, the trust's income was utilized for both educational and religious purposes, necessitating assessment under Sections 11 to 13 for determining tax exemption. The assessee was directed to pay the costs of the Revenue, including counsel's fee of Rs. 500. en-us Thu, 05 Oct 1989 00:00:00 +0530 Wed, 23 Dec 2009 11:33:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23671 The High Court ruled in favor of the Revenue and against the assessee in a case concerning the applicability of Section 10(22) of the Income-tax Act to a public charitable trust. The court upheld the Tribunal's decision that the trust did not qualify for full exemption under Section 10(22) as its income was not solely derived from educational activities. Instead, the trust's income was utilized for both educational and religious purposes, necessitating assessment under Sections 11 to 13 for determining tax exemption. The assessee was directed to pay the costs of the Revenue, including counsel's fee of Rs. 500. Case-Laws Income Tax Thu, 05 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23671