https://www.taxtmi.com/caselaws?id=29559 The High Court held in favor of the assessee trust, concluding that the educational institutions, even if owned by a trust with other charitable purposes, could still qualify for exemption under Section 10(22) of the Income-tax Act. The Court emphasized that as long as the educational institutions existed solely for educational purposes and not for profit, they were entitled to the exemption, regardless of surplus income utilization. The Court found that the trust met the criteria for exemption and overturned the Tribunal's decision, ruling in favor of the assessee. en-us Mon, 04 May 1981 00:00:00 +0530 Sat, 13 Mar 2010 17:05:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29559 The High Court held in favor of the assessee trust, concluding that the educational institutions, even if owned by a trust with other charitable purposes, could still qualify for exemption under Section 10(22) of the Income-tax Act. The Court emphasized that as long as the educational institutions existed solely for educational purposes and not for profit, they were entitled to the exemption, regardless of surplus income utilization. The Court found that the trust met the criteria for exemption and overturned the Tribunal's decision, ruling in favor of the assessee. Case-Laws Income Tax Mon, 04 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29559