https://www.taxtmi.com/caselaws?id=364718 Voluntary development fund collections and donations received from students or parents under a management quota were examined against the test of capitation fee and profiteering. The article states that where receipts are routed through banking channels, properly recorded in the books, and applied for the institution's objects, they do not automatically lose their charitable character. Education remains a charitable purpose, and an incidental surplus does not by itself negate exemption; the dominant object must be profit for charitable status to fail. On that basis, donations linked to admissions were treated as not necessarily constituting prohibited capitation fee, and exemption under section 11 and section 10(23C)(vi) was said to remain available. en-us Tue, 31 Jul 2018 00:00:00 +0530 Fri, 03 Aug 2018 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364718 Voluntary development fund collections and donations received from students or parents under a management quota were examined against the test of capitation fee and profiteering. The article states that where receipts are routed through banking channels, properly recorded in the books, and applied for the institution's objects, they do not automatically lose their charitable character. Education remains a charitable purpose, and an incidental surplus does not by itself negate exemption; the dominant object must be profit for charitable status to fail. On that basis, donations linked to admissions were treated as not necessarily constituting prohibited capitation fee, and exemption under section 11 and section 10(23C)(vi) was said to remain available. Case-Laws Income Tax Tue, 31 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364718