Allowability of exemption u/s 10(22) of IT Act, 1961 to a State-controlled Educational Society/Board

CASE LAW DETAILS Decided by: SUPREME COURT OF INDIA,  In The case of: Assam State Text Book Production and Publication Corpn. Ltd. Vs. CIT, Appeal No.: Civil Appeal No. 2879 of 2007, Decided on: October 20, 2009 RELEVANT PARAGRAPH In these appeals, we are concerned with Assessment Years 1981-1982 to 1996-1997, except Assessment Year 1989- 1990. The question which arose before the Assessing Officer was whether the Corporation could be termed as an `Educational Institution’ in terms of Section 10(22) of the 1961 Act”? According to the Assessing Officer, since the assessee, during th...