Assam Text Book Produn.& Pubn.Corp.Ltd vs Commr.Of Income Tax,Gauhati

The Supreme Court addressed whether the Assam State Text Book Production and Publication Corporation qualifies as an 'Educational Institution' under Section 10(22) of the Income Tax Act, 1961. The Court held that despite the Corporation's ability to distribute dividends, its primary purpose of publishing educational materials for students aligns with the definition of an educational institution, thus entitling it to tax exemption under the cited section. The Court upheld the Tribunal's majority decision granting the exemption for the relevant assessment years.