https://www.taxtmi.com/caselaws?id=418454 The Tribunal allowed the appeal filed by the assessee, directing the CIT to grant exemption under Section 10(23C)(vi) of the Income Tax Act, 1961. The Tribunal found that the AOP qualified as an educational institution existing solely for educational purposes and not for profit, meeting the conditions for exemption. The CIT's refusal was deemed unjustified based on the evidence presented, including the proper utilization of surplus for educational activities and the absence of profit distribution among members. en-us Tue, 15 Feb 2022 00:00:00 +0530 Mon, 23 Jan 2023 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418454 The Tribunal allowed the appeal filed by the assessee, directing the CIT to grant exemption under Section 10(23C)(vi) of the Income Tax Act, 1961. The Tribunal found that the AOP qualified as an educational institution existing solely for educational purposes and not for profit, meeting the conditions for exemption. The CIT's refusal was deemed unjustified based on the evidence presented, including the proper utilization of surplus for educational activities and the absence of profit distribution among members. Case-Laws Income Tax Tue, 15 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418454