https://www.taxtmi.com/highlights?id=2820 Registration under 10(23C) -Revenue failed to show that accumulation exceeding more than 15% has exceeded the period of five years - If no profit arises from the activity, it is not possible to carry on educational activity in such a way that the expenditure exactly balances the income and there is no resultant profit. Orders declining registration are quashed.... - HC en-us Tue, 07 Feb 2012 21:17:51 +0530 Tue, 07 Feb 2012 21:17:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=2820 Registration under 10(23C) -Revenue failed to show that accumulation exceeding more than 15% has exceeded the period of five years - If no profit arises from the activity, it is not possible to carry on educational activity in such a way that the expenditure exactly balances the income and there is no resultant profit. Orders declining registration are quashed.... - HC Highlights Income Tax Tue, 07 Feb 2012 21:17:51 +0530 https://www.taxtmi.com/highlights?id=2820