https://www.taxtmi.com/caselaws?id=437985 The Tribunal dismissed the appeals for the assessment years 2016-17 to 2019-20, upholding the denial of exemption under Section 10(23C)(vi) of the Income Tax Act, 1961. It concluded that the appellant did not exist solely for educational purposes, as its activities included profit-oriented endeavors such as collecting fees for examinations, earning royalties, and providing services to members. Despite historical exemptions and recognition by institutions, the Tribunal found these activities inconsistent with the requirement of solely educational objectives, as clarified by the SC in New Noble Educational Society vs Chief Commissioner of Income Tax. en-us Wed, 17 May 2023 00:00:00 +0530 Fri, 01 Dec 2023 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437985 The Tribunal dismissed the appeals for the assessment years 2016-17 to 2019-20, upholding the denial of exemption under Section 10(23C)(vi) of the Income Tax Act, 1961. It concluded that the appellant did not exist solely for educational purposes, as its activities included profit-oriented endeavors such as collecting fees for examinations, earning royalties, and providing services to members. Despite historical exemptions and recognition by institutions, the Tribunal found these activities inconsistent with the requirement of solely educational objectives, as clarified by the SC in New Noble Educational Society vs Chief Commissioner of Income Tax. Case-Laws Income Tax Wed, 17 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437985