Dismissing the appeal of the revenue the Court held that , exemption cannot be denied for lack of independent memorandum , article , bye laws etc so long as assessee adheres to parameters required to be satisfied as per the section . ( AY. 2014 -15)
CIT v. Sengunthar Matriculation Higher Secondary School ( 2020 ) 121 taxmann.com 338 ( 2021) 277 Taxman 252 ( Mad) (HC) Editorial : SLP of revenue is dismissed , CIT v. Sengunthar Matriculation Higher Secondary School ( 2021) 281 Taxman 367 ( SC)
S. 10 (23C): Educational institution- School- Exemption cannot be denied for lack of independent memorandum , article , bye laws etc .[ S.10 (23C) (vi) ]