Punjab & Haryana HC allows Benefit U/s 12 AA of Income Tax for Educational Trust for Educational Advancement

The Punjab and Haryana High Court allowed the benefit under Section 12AA of the Income Tax Act for an educational trust dedicated to educational advancement. The case involved a trust that was initially denied the benefit due to procedural lapses. The court held that the trust was eligible for the benefit as it met the substantive requirements of the Act. The decision highlights the importance of supporting educational institutions and ensuring that procedural issues do not hinder the benefits intended for genuine charitable activities.