https://www.taxtmi.com/caselaws?id=355181 Approval under Section 10(23-C)(vi) was withdrawn because the educational institution was found, on search material, to have collected capitation fees, diverted trust funds for private and non-educational purposes, and failed to exist solely for educational purposes. The Court held that such conduct meant the statutory conditions for exemption were no longer satisfied, so withdrawal was justified. The retrospective withdrawal from 01-04-2009 was also upheld because the record showed continuing misuse and illegality over the relevant period. No breach of natural justice was found, as a show-cause notice was issued, objections were considered, and a hearing was granted. en-us Mon, 05 Feb 2018 00:00:00 +0530 Thu, 19 Jul 2018 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355181 Approval under Section 10(23-C)(vi) was withdrawn because the educational institution was found, on search material, to have collected capitation fees, diverted trust funds for private and non-educational purposes, and failed to exist solely for educational purposes. The Court held that such conduct meant the statutory conditions for exemption were no longer satisfied, so withdrawal was justified. The retrospective withdrawal from 01-04-2009 was also upheld because the record showed continuing misuse and illegality over the relevant period. No breach of natural justice was found, as a show-cause notice was issued, objections were considered, and a hearing was granted. Case-Laws Income Tax Mon, 05 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355181