https://www.taxtmi.com/caselaws?id=420301 The Tribunal upheld the CIT(A)'s decision to grant the assessee exemption under sections 11 and 12 of the Income Tax Act, dismissing the Revenue's appeals. It found that the assessee's activities aligned with its charitable objectives, rejecting the Revenue's claims of collecting capitation fees under the guise of voluntary contributions. The Tribunal also ruled that the application of surplus funds for educational purposes was consistent with charitable objectives, concluding that there was no misuse of funds or violation of relevant laws. en-us Tue, 29 Mar 2022 00:00:00 +0530 Wed, 30 Mar 2022 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420301 The Tribunal upheld the CIT(A)'s decision to grant the assessee exemption under sections 11 and 12 of the Income Tax Act, dismissing the Revenue's appeals. It found that the assessee's activities aligned with its charitable objectives, rejecting the Revenue's claims of collecting capitation fees under the guise of voluntary contributions. The Tribunal also ruled that the application of surplus funds for educational purposes was consistent with charitable objectives, concluding that there was no misuse of funds or violation of relevant laws. Case-Laws Income Tax Tue, 29 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420301