https://www.taxtmi.com/caselaws?id=766753 ITAT Nagpur allowed the appeal of an educational institution that converted from a society to a Section 8 company under Companies Act 2013. CIT(E) rejected the fresh approval application under section 10(23C)(vi) citing addition of medical-related objects in the company's clause. ITAT held that medical centers are integral to medical education, providing practical training to students. Since the assessee continued only educational activities post-conversion and subsequently removed objectionable clauses, the matter was remitted to CIT(E) for verification of revised objects and grant of approval. en-us Mon, 10 Feb 2025 00:00:00 +0530 Mon, 03 Mar 2025 11:29:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766753 ITAT Nagpur allowed the appeal of an educational institution that converted from a society to a Section 8 company under Companies Act 2013. CIT(E) rejected the fresh approval application under section 10(23C)(vi) citing addition of medical-related objects in the company's clause. ITAT held that medical centers are integral to medical education, providing practical training to students. Since the assessee continued only educational activities post-conversion and subsequently removed objectionable clauses, the matter was remitted to CIT(E) for verification of revised objects and grant of approval. Case-Laws Income Tax Mon, 10 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766753