https://www.taxtmi.com/caselaws?id=294333 The court ruled that exemption under Section 10(23C)(vi) of the Income-tax Act, 1961 is specifically for universities or educational institutions, excluding trusts or societies. The society's purchase of transport vehicles, salary structure, fee structure, and utilization of income did not align with the educational objectives required for exemption. Consequently, the society was deemed ineligible for exemption under Section 10(23C)(vi), leading to the dismissal of the appeal. en-us Thu, 30 May 2019 00:00:00 +0530 Wed, 07 Apr 2021 09:14:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294333 The court ruled that exemption under Section 10(23C)(vi) of the Income-tax Act, 1961 is specifically for universities or educational institutions, excluding trusts or societies. The society's purchase of transport vehicles, salary structure, fee structure, and utilization of income did not align with the educational objectives required for exemption. Consequently, the society was deemed ineligible for exemption under Section 10(23C)(vi), leading to the dismissal of the appeal. Case-Laws Income Tax Thu, 30 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294333