Approval under section 10(23C)(vi) required for educational institutions with higher receipts; alternative exemption routes remain available.
The article explains that special statutory provisions govern tax exemption for educational institutions and that when the prescribed receipts threshold is exceeded a prescribed senior authority's approval is required for the special educational exemption; alternatively, taxpayers may rely on general charitable registration where the special low receipts exception applies, but general charitable limitations should not be imported into the specific educational exemption. (AI Summary)