https://www.taxtmi.com/caselaws?id=776508 The SC dismissed the appeal as withdrawn concerning the rejection of approval under section 10(23C)(via). The primary requirement that the petitioner be established for philanthropic purposes was not fulfilled, as evidenced by the creation of capital assets from surplus funds. Although the petitioner's memorandum indicated philanthropic objectives related to medical aid, the actual conduct did not sufficiently reflect these activities. The HC held that the appropriate authority must independently assess the evidence to determine if philanthropic purposes are genuinely pursued. The respondent's decision to reject the application was based on the material submitted, and the appellant chose to withdraw the appeal. en-us Wed, 06 Aug 2025 00:00:00 +0530 Tue, 12 Aug 2025 08:32:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776508 The SC dismissed the appeal as withdrawn concerning the rejection of approval under section 10(23C)(via). The primary requirement that the petitioner be established for philanthropic purposes was not fulfilled, as evidenced by the creation of capital assets from surplus funds. Although the petitioner's memorandum indicated philanthropic objectives related to medical aid, the actual conduct did not sufficiently reflect these activities. The HC held that the appropriate authority must independently assess the evidence to determine if philanthropic purposes are genuinely pursued. The respondent's decision to reject the application was based on the material submitted, and the appellant chose to withdraw the appeal. Case-Laws Income Tax Wed, 06 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776508