Exemption under section 10(22) and 10(22A).

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....ospitals have been taken on the ground that they are making profit and therefore the exemption under section 10(22) and 10(22A) is not available to them. 2. Under section 10(22) income of an University or other educational institution existing solely for educational purposes and not for purposes of profit is exempt. Under section 10(22A) income of a hospital or other institution referred to the....

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....e held that the institution is existing solely for educational purposes and not for purposes of profit. However, if the surplus can be used for non educational purposes it cannot be said that the institution is existing solely for educational purposes and such institutions will not be liable for exemption under section 10(22). But in such cases the applicability of section 11 can be examined and i....