https://www.taxtmi.com/caselaws?id=356451 The High Court upheld the Tribunal's decision to grant registration to the Respondent-Assessee under Section 12AA of the Income Tax Act. The Court emphasized that the presence of surplus income does not automatically disqualify an institution from being considered an educational institution for registration purposes. The Court found that the institution's stated objects and genuineness are key considerations for registration, and generating surplus income from educational activities does not preclude registration under Section 12AA. The Court dismissed the Revenue's appeal, stating that making a surplus from educational activities does not disqualify an institution from being classified as educational. en-us Mon, 26 Feb 2018 00:00:00 +0530 Mon, 05 Mar 2018 14:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356451 The High Court upheld the Tribunal's decision to grant registration to the Respondent-Assessee under Section 12AA of the Income Tax Act. The Court emphasized that the presence of surplus income does not automatically disqualify an institution from being considered an educational institution for registration purposes. The Court found that the institution's stated objects and genuineness are key considerations for registration, and generating surplus income from educational activities does not preclude registration under Section 12AA. The Court dismissed the Revenue's appeal, stating that making a surplus from educational activities does not disqualify an institution from being classified as educational. Case-Laws Income Tax Mon, 26 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356451