Surplus does not mean trust ceases to be “solely for educational purposes and not for profit : Bombay HC

Decided by :-Bombay High Court,

In the Case of :- Vanita Vishram Trust Vs. CCIT (Bombay High Court)

The assessee-trust was a public charitable trust engaged in education of women. In the earlier years, the assessee was granted exemption u/s. 11, 10(22) & 10(23C)(vi). The assessee’s application for renewal of exemption u/s 10(23C)(vi) was rejected on the ground that (i) the objects permitted the non-educational object

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