https://www.taxtmi.com/caselaws?id=185539 The Supreme Court's reasoning on unaided school fee regulation distinguishes between impermissible diversion of school funds and permitted movement of funds within institutions under the same management if the statutory scheme is respected and a reasonable fee structure is maintained. It also treats requirements to maintain accounts on a not-for-profit basis, prepare balance sheet, profit and loss account, receipt and payment account, and file annual fee statements as valid gap-filling measures. These directions were viewed as consistent with the governing Act and Rules because they promote transparency, accountability, and prevention of profiteering in unaided educational institutions. en-us Fri, 07 Aug 2009 00:00:00 +0530 Wed, 03 May 2017 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185539 The Supreme Court's reasoning on unaided school fee regulation distinguishes between impermissible diversion of school funds and permitted movement of funds within institutions under the same management if the statutory scheme is respected and a reasonable fee structure is maintained. It also treats requirements to maintain accounts on a not-for-profit basis, prepare balance sheet, profit and loss account, receipt and payment account, and file annual fee statements as valid gap-filling measures. These directions were viewed as consistent with the governing Act and Rules because they promote transparency, accountability, and prevention of profiteering in unaided educational institutions. Case-Laws Indian Laws Fri, 07 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185539