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,

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