https://www.taxtmi.com/caselaws?id=410452 The tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 10,32,13,500/- made by the Assessing Officer, ruling in favor of the assessee. It determined that the excess fees charged were not capitation fees but permissible charges for educational services. The tribunal emphasized that the income was applied towards charitable objects, with no evidence of profiteering. It concluded that the AO should focus on the application of income rather than how it was earned, as long as there was compliance with relevant provisions of the Income-tax Act. en-us Thu, 29 Jul 2021 00:00:00 +0530 Mon, 02 Aug 2021 09:05:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410452 The tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 10,32,13,500/- made by the Assessing Officer, ruling in favor of the assessee. It determined that the excess fees charged were not capitation fees but permissible charges for educational services. The tribunal emphasized that the income was applied towards charitable objects, with no evidence of profiteering. It concluded that the AO should focus on the application of income rather than how it was earned, as long as there was compliance with relevant provisions of the Income-tax Act. Case-Laws Income Tax Thu, 29 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410452