https://www.taxtmi.com/caselaws?id=56507 Exemption for an educational institution was unavailable where the evidence showed it was not run solely for education and not without profit. The Tribunal noted a consistent pattern of substantial surplus, fees charged beyond what was needed for educational expenditure, and diversion of institutional funds for the benefit of the Secretary and his family, including rent, repairs, personal expenses and other advantages. On those facts, the institution's affairs were found to reflect commercial use rather than an exclusively educational object, so the exemption claim failed and the Revenue succeeded. en-us Wed, 31 Oct 2001 00:00:00 +0530 Sat, 04 Dec 2010 11:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56507 Exemption for an educational institution was unavailable where the evidence showed it was not run solely for education and not without profit. The Tribunal noted a consistent pattern of substantial surplus, fees charged beyond what was needed for educational expenditure, and diversion of institutional funds for the benefit of the Secretary and his family, including rent, repairs, personal expenses and other advantages. On those facts, the institution's affairs were found to reflect commercial use rather than an exclusively educational object, so the exemption claim failed and the Revenue succeeded. Case-Laws Income Tax Wed, 31 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56507