Charitable institution, society or trust should 'solely' engage itself in educational activities and not in any activity of profit to enjoy tax exemption
Court :
Supreme Court of India
Brief :
The Hon’ble Supreme Court in M/s. New Noble Educational Society,v. The Chief Commissioner of Income Tax 1 [Civil appeal no. 3795 of 2014 dated October 19, 2022] has held that for tax exemption, the charitable institution, society or trust should ‘solely’ engage itself in educational activities and not in any activity of profit.
Citation :
Civil appeal no. 3795 of 2014 dated October 19, 2022
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Bimal Jain
Published in Income Tax
Views : 1281
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