https://www.taxtmi.com/caselaws?id=411885 The Tribunal allowed the appeal, overturning the CIT(E)'s decision and granting approval under Section 10(23C)(vi) to the appellant society, emphasizing the educational nature of the institution and its compliance with relevant provisions. The Tribunal highlighted that surplus funds were utilized for educational purposes, including the acquisition of buses for student transportation, and that the society's primary objective was educational rather than profit-making. The decision underscored that the institution's compliance with salary guidelines was the responsibility of CBSE, not the tax authorities, and restricted the scope of inquiry to verifying the institution's charitable activities. en-us Tue, 31 Aug 2021 00:00:00 +0530 Mon, 06 Sep 2021 11:26:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411885 The Tribunal allowed the appeal, overturning the CIT(E)'s decision and granting approval under Section 10(23C)(vi) to the appellant society, emphasizing the educational nature of the institution and its compliance with relevant provisions. The Tribunal highlighted that surplus funds were utilized for educational purposes, including the acquisition of buses for student transportation, and that the society's primary objective was educational rather than profit-making. The decision underscored that the institution's compliance with salary guidelines was the responsibility of CBSE, not the tax authorities, and restricted the scope of inquiry to verifying the institution's charitable activities. Case-Laws Income Tax Tue, 31 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411885