https://www.taxtmi.com/caselaws?id=425191 The High Court ruled in favor of the appellant, a Staff Training College, determining that its activities aligned with educational purposes under Section 10(23C)(vi) of the Income Tax Act. The Court emphasized the institution's core function of training bank officials as educational, despite ancillary activities mentioned in the Memorandum of Association. The appellant's intent to remove non-educational clauses from the MoA supported its classification as an Educational Institution eligible for exemption. The Court allowed the appeal, set aside the previous order, and directed the Revenue to reconsider the appellant's application within three months. en-us Fri, 08 Jul 2022 00:00:00 +0530 Mon, 18 Jul 2022 09:16:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425191 The High Court ruled in favor of the appellant, a Staff Training College, determining that its activities aligned with educational purposes under Section 10(23C)(vi) of the Income Tax Act. The Court emphasized the institution's core function of training bank officials as educational, despite ancillary activities mentioned in the Memorandum of Association. The appellant's intent to remove non-educational clauses from the MoA supported its classification as an Educational Institution eligible for exemption. The Court allowed the appeal, set aside the previous order, and directed the Revenue to reconsider the appellant's application within three months. Case-Laws Income Tax Fri, 08 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425191