https://www.taxtmi.com/caselaws?id=24035 The court dismissed the petition seeking a reference of questions of law to the High Court under section 256(2) of the Income-tax Act, 1961. It emphasized that the primary purpose of the assessee, categorized under "Education," qualified as charitable, regardless of subsidiary profit-generating activities. The court ruled that the questions raised were settled by precedent, making a reference unnecessary. The decision highlights the importance of the primary charitable purpose in determining tax exemption eligibility and clarifies the impact of profit activities on an organization's charitable status. en-us Thu, 12 Jan 1989 00:00:00 +0530 Sat, 16 Jan 2010 11:21:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24035 The court dismissed the petition seeking a reference of questions of law to the High Court under section 256(2) of the Income-tax Act, 1961. It emphasized that the primary purpose of the assessee, categorized under "Education," qualified as charitable, regardless of subsidiary profit-generating activities. The court ruled that the questions raised were settled by precedent, making a reference unnecessary. The decision highlights the importance of the primary charitable purpose in determining tax exemption eligibility and clarifies the impact of profit activities on an organization's charitable status. Case-Laws Income Tax Thu, 12 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24035