https://www.taxtmi.com/caselaws?id=60120 The Tribunal allowed the appeal, determining that the assessee-trust qualified for exemption under section 10(22) of the Income-tax Act, 1961. The trust, operating a school, was found to exist solely for educational purposes, despite engaging in activities beyond running the school. The Tribunal considered the trust's surplus income and loans advanced to other educational institutions, concluding that these actions were aligned with the trust's educational objectives. Relying on relevant case law interpretations, the Tribunal held that the trust's activities did not disqualify it from exemption, as surplus income was utilized for educational aims without individual profit. en-us Thu, 12 Nov 1987 00:00:00 +0530 Mon, 03 Jan 2011 17:48:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60120 The Tribunal allowed the appeal, determining that the assessee-trust qualified for exemption under section 10(22) of the Income-tax Act, 1961. The trust, operating a school, was found to exist solely for educational purposes, despite engaging in activities beyond running the school. The Tribunal considered the trust's surplus income and loans advanced to other educational institutions, concluding that these actions were aligned with the trust's educational objectives. Relying on relevant case law interpretations, the Tribunal held that the trust's activities did not disqualify it from exemption, as surplus income was utilized for educational aims without individual profit. Case-Laws Income Tax Thu, 12 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60120