Supreme Court · 2015 INSC 219 · Decided 16 March 2015
M/S. Queen's Educational Society v. Commissioner of Income Tax
- Court
- Supreme Court of India
- Citation
- 2015 INSC 219 · [2015] 3 S.C.R. 838
- Case number
- CIVIL APPEAL No. 5167/2008
- Decided
- 16 March 2015
- Bench
- T.S. THAKUR, R.F. NARIMAN (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(23c)
Headnote
Income Tax Act, 1961: ss.10 (23c) (iii-ad), 10(23c) (vi) - Exemption under - Held: Where an educational institution carries on the activity of education primarily for educating persons, the fact that it makes a surplus does not lead to 0 the conclusion that it ceases to exist solely for an institution for the purpose of making profit - There is difference between the making of a surplus and an institution being carried on "for profit" - No inference arises that merely because imparting E education results in making a surplus, it becomes an activity for profit -
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