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2008 (12) TMI 192 - HC - Income Tax
Cancellation of registration u/s 12A – Charitable Institution – Held that - , the assessee is preparing students by providing coaching/guidelines to get admissions in professional institutions to pursue their studies. The sense in which the word “education” has been used in section 2(15) of the Act is the systematic instruction, schooling or training given to the young in preparation for the work of life. Similarly, extending financial assistance/scholarship, etc., to students for their educational purpose would squarely and fairly fall within the connotation of “education” - after registration, further probe into object is not permissible – order for cancellation of registration quashed – exemption restored.