https://www.taxtmi.com/caselaws?id=759064 At the approval stage for an educational institution under section 10(23C)(vi), the authority may call for audited annual accounts, supporting documents and explanations to test the genuineness of the institution's activities and compliance with applicable law. Unanswered or unsatisfactory material relating to unaudited accounts, vehicle expenses, examination expenses and the treatment of donation funds can justify refusal of approval. The assessee's reliance on audit exemptions and on New Noble Educational Society did not displace this enquiry, and the claim that the Chhattisgarh Vishwavidyalaya Adhiniyam, 1973 removed the audit requirement was not substantiated. The rejection of registration/approval and cancellation of provisional approval were upheld. en-us Fri, 31 May 2024 00:00:00 +0530 Sat, 21 Sep 2024 13:12:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759064 At the approval stage for an educational institution under section 10(23C)(vi), the authority may call for audited annual accounts, supporting documents and explanations to test the genuineness of the institution's activities and compliance with applicable law. Unanswered or unsatisfactory material relating to unaudited accounts, vehicle expenses, examination expenses and the treatment of donation funds can justify refusal of approval. The assessee's reliance on audit exemptions and on New Noble Educational Society did not displace this enquiry, and the claim that the Chhattisgarh Vishwavidyalaya Adhiniyam, 1973 removed the audit requirement was not substantiated. The rejection of registration/approval and cancellation of provisional approval were upheld. Case-Laws Income Tax Fri, 31 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759064