https://www.taxtmi.com/caselaws?id=177568 A private university constituted as a body corporate was treated as a separate juristic person and, as such, a "person" competent to apply for registration under section 12AA. Its educational objects and activities were held to fall within the charitable purpose of education, and the charging of fees did not by itself establish a profit motive where the institution was primarily run for education and its funds were applied to its objects. However, approval under section 80G(5) was denied because the governing instrument provided for transfer of assets and liabilities on dissolution to the sponsoring body, whose constitution included a religious object, bringing the arrangement within the statutory bar. en-us Fri, 28 May 2010 00:00:00 +0530 Thu, 14 Sep 2023 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177568 A private university constituted as a body corporate was treated as a separate juristic person and, as such, a "person" competent to apply for registration under section 12AA. Its educational objects and activities were held to fall within the charitable purpose of education, and the charging of fees did not by itself establish a profit motive where the institution was primarily run for education and its funds were applied to its objects. However, approval under section 80G(5) was denied because the governing instrument provided for transfer of assets and liabilities on dissolution to the sponsoring body, whose constitution included a religious object, bringing the arrangement within the statutory bar. Case-Laws Income Tax Fri, 28 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177568