Tribunal held that , for grant of approval u/s.10(23C)(vi) the institution must exist solely for educational purpose and not for profit. The other objects such as encourage sportsman and adventurous spirit in the pupils and those connected with the institution; to print, publish and exhibit films, journals, periodicals, books for the diffusion of useful knowledge and to provide residential accommodation either free of cost and educate, train and assist financially the social workers, staff, students, orphans Objects other than educational objects- Rejection of application for grant of approval is justified .(AY 2014 -2015)
Desales Educational Society. v. PCIT (E) (2018) 171 ITD 170 (Visakh)(Trib.)
S.10(23C) : Educational institutions- For grant of approval u/s.10(23C)(vi) the institution must exist solely for educational purpose and not for profit. The other objects such as encourage sportsman and adventurous spirit in the pupils and those connected with the institution; to print, publish and exhibit films, journals, periodicals, books for the diffusion of useful knowledge and to provide residential accommodation either free of cost and educate, train and assist financially the social workers, staff, students, orphans objects other than educational objects- Rejection of application for grant of approval is justified.[ S.10(23C)(vi) ]