DCIT v Vellore Institute of Technology (2011) 12, 272(Chennai)

Assessee trust was running a college that became a "deemed university" and was registered under section 12A of the Act and approved under section 80G of the Act, and claimed exemption under section 11 of the Act. The revenue rejected the exemption, but the ITAT Chennai ruled in favor of the trust, stating that the surplus from education activities and corpus donation did not negate the charitable nature of the trust's activities. Therefore, the exemption under section 11 cannot be denied.