https://www.taxtmi.com/caselaws?id=441053 The Tribunal upheld the CIT(E)'s decision, dismissing the Assessee Trust's appeal for exemption under Section 10(23C)(vi) of the Income Tax Act, 1961. The Trust's multiple objects, including non-educational activities, and its profit motive were deemed incompatible with the requirement of operating solely for educational purposes. Consequently, the Trust was disqualified from receiving the exemption. en-us Wed, 26 Jul 2023 00:00:00 +0530 Wed, 18 Dec 2024 13:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441053 The Tribunal upheld the CIT(E)'s decision, dismissing the Assessee Trust's appeal for exemption under Section 10(23C)(vi) of the Income Tax Act, 1961. The Trust's multiple objects, including non-educational activities, and its profit motive were deemed incompatible with the requirement of operating solely for educational purposes. Consequently, the Trust was disqualified from receiving the exemption. Case-Laws Income Tax Wed, 26 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441053