Educational Activities Neither Business Nor Profession, Covered Under Section 2 (15) Of Income Tax Act: Delhi High Court

The Delhi High Court ruled that educational activities conducted by the assessee fall under Section 2(15) of the Income Tax Act, distinguishing them from business or profession. The Court emphasized the evolving nature of education through technology, supporting the charitable status of these activities. Despite the CIT(E)'s contention that the assessee's lack of regulatory affiliation implied profit motives, the Court sided with the Tribunal's finding that the educational activities were charitable. This decision upheld the Tribunal's reversal of the CIT(E)'s assessment under Section 263.