2013 (7) TMI 261

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....ioner's application in Form No.56D dated 26.9.11 for exemption under Section 10 (23C) (vi) of the Income Tax Act, 1961, when rejected by order dated 28.8.12 Annexure-A of the Chief Commissioner of Income Tax (for short 'the CCIT), Bangalore-III, has resulted in this petition. 2. The only submissions of learned counsel for the petitioner is that the CCIT having considered all relevant material d....

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....i) reads thus:    "any University or other educational institution existing solely for educational purposes and not for purposes of profit, other than those mentioned in subclause (iiiab) or sub-clause (iiiad) and which may be approved by the prescribed authority;    xxxx" 5. The exemption from the application of the Act is available to any University or educational in....

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....tion of establishing profit motive and for purposes other than imparting education and accordingly, rejected the request of the petitioner. 6. Petitioner having not explained the rules and regulations more appropriately, relating to the collection of donations from pupils contrary to provisions of Karnataka Educational Institutions (Prohibition of Capitation Fee) Act, 1984, coupled with the fai....