https://www.taxtmi.com/caselaws?id=408977 The court concluded that the rejection of the application for exemption under Section 10(23C)(vi) of the Income Tax Act was not justified. The petitioner was found to exist solely for educational purposes and not for profit. The court directed the Chief Commissioner of Income Tax-III, Chennai, to issue an approval certificate to the petitioner within 90 days, subject to stringent conditions to ensure compliance with the educational purpose and prevent abuse of the exemption. The court allowed for the assessment of compliance with these conditions in subsequent assessment years. The writ petition was allowed, and connected miscellaneous petitions were closed. en-us Wed, 16 Jun 2021 00:00:00 +0530 Fri, 25 Jun 2021 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408977 The court concluded that the rejection of the application for exemption under Section 10(23C)(vi) of the Income Tax Act was not justified. The petitioner was found to exist solely for educational purposes and not for profit. The court directed the Chief Commissioner of Income Tax-III, Chennai, to issue an approval certificate to the petitioner within 90 days, subject to stringent conditions to ensure compliance with the educational purpose and prevent abuse of the exemption. The court allowed for the assessment of compliance with these conditions in subsequent assessment years. The writ petition was allowed, and connected miscellaneous petitions were closed. Case-Laws Income Tax Wed, 16 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408977