Exemption under section 10(22) and 10(22A).

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..... ng profit and therefore the exemption under section 10(22) and 10(22A) is not available to them. 2. Under section 10(22) income of an University or other educational institution existing solely for educational purposes and not for purposes of profit is exempt. Under section 10(22A) income of a hospital or other institution referred to therein which exists solely for philanthropic purposes and not .....

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..... l purposes and not for purposes of profit. However, if the surplus can be used for non educational purposes it cannot be said that the institution is existing solely for educational purposes and such institutions will not be liable for exemption under section 10(22). But in such cases the applicability of section 11 can be examined and if the conditions laid down therein are satisfied the income w .....

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