Supreme Court · 2022 INSC 1111 · Decided 19 October 2022
M/S New Noble Educational Society v. The Chief Commissioner of Income Tax 1 and ANR.
- Court
- Supreme Court of India
- Citation
- 2022 INSC 1111 · [2022] 18 S.C.R. 1082
- Case number
- CIVIL APPEAL No. 3795/2014
- Decided
- 19 October 2022
- Bench
- UDAY UMESH LALIT, S. RAVINDRA BHAT, PAMIDIGHANTAM SRI NARASIMHA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(23C)(vi), 10(23C)
Headnote
Income Tax Act, 1961 - s.10(23C)(vi) -"solely" - s.10(23C)(vi) exempts income of "university or other educational institution existing solely for for purposes of profit" - Meaning of "solely" - Held: The requirement of the charitable institution, society or trust etc., to 'solely' engage itself in education or educational activities, and not engage in any activity of profit, means that such
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)