https://www.taxtmi.com/caselaws?id=33744 The HC allowed the writ petition, holding the petitioner to be a charitable educational institution entitled to exemption under Section 10(23C)(vi) of the Income Tax Act. The court found deposits of surplus funds and interest income permissible under the proviso to Section 10(23C), and noted absence of evidence showing surplus was used for personal gain. The petitioner met statutory requirements (including audited accounts) and demonstrated use of funds for expansion of educational activity; consequently the application for exemption was to be granted. en-us Fri, 29 May 2009 00:00:00 +0530 Mon, 10 Nov 2025 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33744 The HC allowed the writ petition, holding the petitioner to be a charitable educational institution entitled to exemption under Section 10(23C)(vi) of the Income Tax Act. The court found deposits of surplus funds and interest income permissible under the proviso to Section 10(23C), and noted absence of evidence showing surplus was used for personal gain. The petitioner met statutory requirements (including audited accounts) and demonstrated use of funds for expansion of educational activity; consequently the application for exemption was to be granted. Case-Laws Income Tax Fri, 29 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33744