Exemption u/s 10(23C)(vi) denied as condition ‘solely for educational purposes’ not fulfilled

Parul Arogya Seva Mandal Trust Vs Hon. CIT (ITAT Ahmedabad) ITAT Ahmedabad held that denial of exemption u/s. 10(23C)(vi) of the Income Tax Act justified as assessee trust having multiple objects doesn’t satisfy the condition of ‘solely for educational purposes’. Facts- The assessee is a Trust filed an application in Form No. 56D on 26-03-2018 seeking exemption u/s. 10(23C)(vi) of the Act with necessary documents. The assessee Trust is running colleges for imparting higher education on Diploma, Degree and Master (P.G.) courses of Engineering, Pharmacy, Management, Computer Application, A...