https://www.taxtmi.com/caselaws?id=120873 The Tribunal dismissed the appeal, ruling that the assessee, a society running educational institutions, was not entitled to exemption under section 11 or section 10(23C)(vi) of the Income-tax Act, 1961. This decision was based on the collection of capitation fees, which indicated a profit motive and contradicted the charitable status required for such exemptions. Additionally, the assessee lacked the necessary approval from the prescribed authority for section 10(23C)(vi) exemption. The Tribunal also instructed the Assessing Officer to verify and rectify the income computation from other educational institutions operated by the assessee. en-us Wed, 31 Oct 2007 00:00:00 +0530 Wed, 31 Jan 2024 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120873 The Tribunal dismissed the appeal, ruling that the assessee, a society running educational institutions, was not entitled to exemption under section 11 or section 10(23C)(vi) of the Income-tax Act, 1961. This decision was based on the collection of capitation fees, which indicated a profit motive and contradicted the charitable status required for such exemptions. Additionally, the assessee lacked the necessary approval from the prescribed authority for section 10(23C)(vi) exemption. The Tribunal also instructed the Assessing Officer to verify and rectify the income computation from other educational institutions operated by the assessee. Case-Laws Income Tax Wed, 31 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120873