https://www.taxtmi.com/caselaws?id=464011 ITAT LUCKNOW upholds the CIT(A)'s findings and dismisses the Revenue's appeal. The Tribunal affirmed that the institution is a deemed university under the U.P. Ordinance, relieving it from state fee-fixation, and deleted additions relating to alleged excess/capitation fees. Additions disallowing personal expenses, administrative expenses and interest on term loans (treated as capital utilization for Sec.11 purposes) were deleted as vouchers and accounts were maintained. Addition for anonymous donations was also deleted under Sec.115BBC reasoning that name and address records were maintained and receipts were applied to charitable purposes. en-us Fri, 28 Jun 2019 00:00:00 +0530 Fri, 26 Sep 2025 20:09:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464011 ITAT LUCKNOW upholds the CIT(A)'s findings and dismisses the Revenue's appeal. The Tribunal affirmed that the institution is a deemed university under the U.P. Ordinance, relieving it from state fee-fixation, and deleted additions relating to alleged excess/capitation fees. Additions disallowing personal expenses, administrative expenses and interest on term loans (treated as capital utilization for Sec.11 purposes) were deleted as vouchers and accounts were maintained. Addition for anonymous donations was also deleted under Sec.115BBC reasoning that name and address records were maintained and receipts were applied to charitable purposes. Case-Laws Income Tax Fri, 28 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464011