https://www.taxtmi.com/caselaws?id=426614 The Tribunal set aside the rejection of the application under Section 10(23C)(vi) of the Income Tax Act, directing the CIT (Exemptions) to issue the exemption certificate for the relevant assessment years. It emphasized the institution's charitable nature, continuity of objectives despite a name change, and lack of profit motive despite generating a surplus. The Tribunal highlighted the importance of applying Supreme Court tests to ascertain if an educational institution operates solely for educational purposes. en-us Thu, 30 Jun 2022 00:00:00 +0530 Mon, 22 Aug 2022 08:35:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426614 The Tribunal set aside the rejection of the application under Section 10(23C)(vi) of the Income Tax Act, directing the CIT (Exemptions) to issue the exemption certificate for the relevant assessment years. It emphasized the institution's charitable nature, continuity of objectives despite a name change, and lack of profit motive despite generating a surplus. The Tribunal highlighted the importance of applying Supreme Court tests to ascertain if an educational institution operates solely for educational purposes. Case-Laws Income Tax Thu, 30 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426614