https://www.taxtmi.com/circulars?id=53859 The prescribed authority must be satisfied that an applicant exists as an educational institution operating solely for educational purposes and not for profit; compliance with Provisos need not be proven at the grant stage where compliance depends on future events, though approval may be made subject to terms and monitored with withdrawal for breaches. Registration under the separate charitable registration regime is not mandatory for approval; surplus accumulation and reasonable student fees do not by themselves indicate profit making; trustee appointment/removal alone is not a ground for denial. en-us Mon, 17 Aug 2015 00:00:00 +0530 Tue, 18 Aug 2015 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53859 The prescribed authority must be satisfied that an applicant exists as an educational institution operating solely for educational purposes and not for profit; compliance with Provisos need not be proven at the grant stage where compliance depends on future events, though approval may be made subject to terms and monitored with withdrawal for breaches. Registration under the separate charitable registration regime is not mandatory for approval; surplus accumulation and reasonable student fees do not by themselves indicate profit making; trustee appointment/removal alone is not a ground for denial. Circulars Income Tax Mon, 17 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53859