https://www.taxtmi.com/caselaws?id=758732 The HC set aside orders rejecting a university's application for exemption under Section 10(23C)(vi) of the IT Act. The court held that both lower authorities failed to make specific findings regarding whether the university existed solely for educational purposes or for profit, which was essential for determining the application. The authorities did not examine the university's objects or record findings about the genuineness of its educational activities as required under the second proviso to Section 10(23C). The matter was remitted to CIT(E) for fresh consideration following SC precedent in New Noble Educational Society. en-us Mon, 09 Sep 2024 00:00:00 +0530 Thu, 16 Jan 2025 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758732 The HC set aside orders rejecting a university's application for exemption under Section 10(23C)(vi) of the IT Act. The court held that both lower authorities failed to make specific findings regarding whether the university existed solely for educational purposes or for profit, which was essential for determining the application. The authorities did not examine the university's objects or record findings about the genuineness of its educational activities as required under the second proviso to Section 10(23C). The matter was remitted to CIT(E) for fresh consideration following SC precedent in New Noble Educational Society. Case-Laws Income Tax Mon, 09 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758732