SC: Oraon Tribe Custom Doesn't Allow Uncle-In-Law to Adopt Niece's Husband as Ghar Damad  ||  Kerala HC Approves New Public Prosecutor Appointment Guidelines After a Minor Revision  ||  Rajasthan HC Clarifies Criminal Writ Petitions Have No Separate Constitutional Status  ||  Delhi HC Clarifies if Whatsapp Acknowledgment Can Make an Arbitral Award Binding  ||  Allahabad HC: Limitation Cannot be Extended Through Belated Representations or Letters  ||  Madras HC: Private Schools Fall Outside RTI but Must Disclose Fee Structure  ||  Bombay HC Orders Removal of AI-Made Deepfakes and Morphed Images of Preity Zinta  ||  P&H HC: BNSS Pre-Cognizance Hearing Doesn't Apply to Serious Fraud Investigation Office Cases  ||  Madras HC: Election Plea Becomes Infructuous After Assembly Term Ends, Barring Corruption  ||  Supreme Court: Banks Cannot Effectively Blacklist Lawyers by Placing Them on Caution Lists    

SC: Educational Trusts For Profit Cannot Claim Income Tax Exemption - (20 Oct 2022)

DIRECT TAXATION

Supreme Court has said profit-oriented educational trusts or societies cannot claim exemption under the Income Tax Act. The court said that such educational trusts or societies should solely be concerned with education or education related activities under Section 10(23C) of the Income Tax Act.

Tags : SUPREME COURT   EDUCATION   EDUCATIONAL TRUSTS  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved