https://www.taxtmi.com/highlights?id=64675 Exemption u/s 10(23C)(vi) - scope of the term "Education" - no specific definition for "education" under the Income Tax Act of 1961 - assisting Banking Institutions in the matters such as appraisal programmes, conducting morale and productivity studies etc., also fall within the category of education. It is not in dispute that the assessee is a Staff Training College for Bank employees. Therefore, in our considered view, assessee must be construed as an Educational Institution because the main object is to train the Bank Officials. - HC en-us Mon, 18 Jul 2022 09:16:19 +0530 Mon, 18 Jul 2022 09:16:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64675 Exemption u/s 10(23C)(vi) - scope of the term "Education" - no specific definition for "education" under the Income Tax Act of 1961 - assisting Banking Institutions in the matters such as appraisal programmes, conducting morale and productivity studies etc., also fall within the category of education. It is not in dispute that the assessee is a Staff Training College for Bank employees. Therefore, in our considered view, assessee must be construed as an Educational Institution because the main object is to train the Bank Officials. - HC Highlights Income Tax Mon, 18 Jul 2022 09:16:19 +0530 https://www.taxtmi.com/highlights?id=64675