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2004 (2) TMI 11 - HC - Income TaxExemption u/s 10(22) – although the activities of the assessee are connected with formal education being given by other institutions running schools and colleges, the assessee itself does not have or exercise any control over the students who get the benefit of the activities being carried on by the assessee - Tribunal was right in holding that the assessee was not an educational institution established solely for educational purposes and was, therefore, not entitled to exemption as contemplated under section 10(22) – this opionion may not be treated as binding for any subsequent year when the assessee may commence other activities which may qualify the assessee for exemption under section 10(22)/10(23C) - Having regard to the emerging trends and the modern means of teaching and the growing importance of the institutions other than those engaged in formal teaching, this is a fit case for appeal to the hon'ble Supreme Court
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