https://www.taxtmi.com/caselaws?id=752650 The appeal against the ITAT order was dismissed, with no substantial question of law arising. The ITAT correctly determined that Rule 2BBB was inapplicable for the assessment year 2012-13, as it was enacted later. The Supreme Court's guidance affirmed that the Trust met the criteria for exemptions by engaging solely in educational activities without profit motives. The Court emphasized that charitable institutions must focus on education-related activities, allowing surplus generation if not profit-oriented. The interpretation of 'solely' was clarified, reinforcing adherence to state laws under Section 10(23C). All pending applications were disposed of. en-us Thu, 02 May 2024 00:00:00 +0530 Tue, 14 May 2024 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752650 The appeal against the ITAT order was dismissed, with no substantial question of law arising. The ITAT correctly determined that Rule 2BBB was inapplicable for the assessment year 2012-13, as it was enacted later. The Supreme Court's guidance affirmed that the Trust met the criteria for exemptions by engaging solely in educational activities without profit motives. The Court emphasized that charitable institutions must focus on education-related activities, allowing surplus generation if not profit-oriented. The interpretation of 'solely' was clarified, reinforcing adherence to state laws under Section 10(23C). All pending applications were disposed of. Case-Laws Income Tax Thu, 02 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752650