Educational Institutions’ Income Tax Exemption Plea Remanded After SC Clarification

S. D. Education Society Vs Chief Commissioner of Income Tax (Punjab And Haryana High Court) The Punjab and Haryana High Court remanded pleas by educational institutions seeking income tax exemption under Section 10(23C)(vi) of the Income Tax Act, 1961, for reconsideration. The petitioner argued that it provides educational services and is not engaged in profit-making activities, and therefore qualifies for exemption. Earlier, the Chief Commissioner of Income Tax had rejected the exemption applications through orders dated 14.02.2011 and 22.02.2011. Both parties acknowledged that the Supreme Co...