https://www.taxtmi.com/caselaws?id=767487 The HC dismissed a writ petition challenging denial of exemption under Section 10(23C)(vi). The trust claimed exemption for educational institution income, arguing it operated solely for educational purposes without profit motive. The court upheld the Chief Commissioner of Income Tax's decision, finding that the trust's aims and objects did not establish it existed solely for advancing education. Since the exemption was claimed by the trust rather than the individual educational institute, the court concluded the trust failed to meet the statutory requirement of existing solely for educational purposes, justifying denial of the exemption. en-us Mon, 29 Jul 2024 00:00:00 +0530 Wed, 19 Mar 2025 06:45:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767487 The HC dismissed a writ petition challenging denial of exemption under Section 10(23C)(vi). The trust claimed exemption for educational institution income, arguing it operated solely for educational purposes without profit motive. The court upheld the Chief Commissioner of Income Tax's decision, finding that the trust's aims and objects did not establish it existed solely for advancing education. Since the exemption was claimed by the trust rather than the individual educational institute, the court concluded the trust failed to meet the statutory requirement of existing solely for educational purposes, justifying denial of the exemption. Case-Laws Income Tax Mon, 29 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767487