https://www.taxtmi.com/news?id=23752 Searches of trusts operating medical colleges uncovered a coordinated scheme where trustees, management, agents and certain students colluded to convert merit seats into management vacancies filled in stray-vacancy rounds for illegal capitation fees; seized handwritten and digital records indicate cash receipts, broker networks and arrangements to secure examination passage, and preliminary evidence suggests diversion of receipts from charitable purposes in potential breach of Sec 12AA and unexplained investments attracting section 69 implications. en-us Fri, 19 Feb 2021 09:28:24 +0530 Fri, 19 Feb 2021 09:28:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23752 Searches of trusts operating medical colleges uncovered a coordinated scheme where trustees, management, agents and certain students colluded to convert merit seats into management vacancies filled in stray-vacancy rounds for illegal capitation fees; seized handwritten and digital records indicate cash receipts, broker networks and arrangements to secure examination passage, and preliminary evidence suggests diversion of receipts from charitable purposes in potential breach of Sec 12AA and unexplained investments attracting section 69 implications. News - Fri, 19 Feb 2021 09:28:24 +0530 https://www.taxtmi.com/news?id=23752