https://www.taxtmi.com/caselaws?id=421662 The High Court set aside the Chief Commissioner of Income Tax's order denying exemption under Section 10 (23C) (vi) of the Income Tax Act for the financial year 2008-09. The Court found that the Trust's collection and utilization of fees under 'Placement and Training' were solely for educational purposes, emphasizing that the Trust's essential purpose remained non-profit. Consequently, the exemption was granted, and consequential orders were directed to be passed within four weeks. The petition was allowed with no order as to costs. en-us Tue, 26 Apr 2022 00:00:00 +0530 Mon, 02 Jan 2023 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421662 The High Court set aside the Chief Commissioner of Income Tax's order denying exemption under Section 10 (23C) (vi) of the Income Tax Act for the financial year 2008-09. The Court found that the Trust's collection and utilization of fees under 'Placement and Training' were solely for educational purposes, emphasizing that the Trust's essential purpose remained non-profit. Consequently, the exemption was granted, and consequential orders were directed to be passed within four weeks. The petition was allowed with no order as to costs. Case-Laws Income Tax Tue, 26 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421662