High Court Confirms ITAT Ruling: Assessee's Exemption u/s 11 Valid, AO's Assumptions on Capitation Fees Incorrect.

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....Exemption u/s 11 - Receipt of voluntary contributions/corpus fund or capitation fee - AO, based on assumption and surmise, has held that there was violation under the KEI (Prohibition of Capitation Fee) Act by the assessee and that incorrect assumption has been rightly reversed by the ITAT. - HC....