In the case of Sole Trustee Loka Shikshana Turst vs. Commissioner Of Income Tax, (t976 AIR 10, t976 SCR (1) 461) the Honourable Supreme Court held the meaning of "Education" under the section 2(15) of the Income Tax Act, 1961 as under: "The sense in which the word "education" has been used in section 2(15) is the systematic instruction, schooling or training given to the young in preparation for the work of life. It also connotes the whole course of scholastic instruction which a person has received. The word "education" has not been used in that wide and extended sense, according to which every acquisition of further knowledge constitutes education. According to this wide and extended sense/ travelling is education, because as a result of travelling you acquire fresh knowledge. Likewise, if you read newspapers and magazines, see pictures, visit art galleriest mLtseums and zoos, you thereby add to your knowledge. Again, when you grow up and have dealings with other people, some of whom are not straight you learn by experience and thus add to your knowledge of the ways of the world. If you are not careful, your wallet is liable to be stolen or you are liable to be cheated by some unscrupulous person. The thief who removes your wallet and the swindler who cheats you teach you a lesson and in the process make you wiser though poorer. If you visit a night club, your get acquainted with and add to your knowledge about some of the not much revealed realities and mysteries of life. All this in a way is education in the great school of life. But that is not the sense in which the word "education" is Ltsed in clause (15) of section 2, What education connotes in that clause is the process of training and developing the knowledge, skill, mind and character of students by formal schooling."
