Exemption U/s. 11 cannot be denied merely for Running of bus by School to facilitate transportation of students & staff

Delhi Public School Ghaziabad Vs ACIT (ITAT Delhi)

In Mallikarjun School Society vs.CCIT (2018) 90 com160 (Uttarakhand), the Hon’ble High Court held that an educational institution will not cease to be one existing solely for educational purposes since the object is not to make profit and the decisive or as a test as observed by the Hon’ble Apex court is whether on an overall view of the matter the object is to make profit and one should bear in mind the distinction between the corpus, the objects and the powers of the concerned entity.

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