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2013 (10) TMI 528 - AT - Income TaxExemption u/s 11 and Deduction u/s 80G of the Income Tax Act – educational institution - Held that:- Assessee are charitable within the meaning of section 2(15) and the Income Tax Appellate Tribunal was right in holding that the respondent is entitled to exemption under section 11 of the Income Tax Act - authorities were fully satisfied that the activities of the assessee are for charitable purpose while granting the registration u/s 25 of the Companies Act and u/s 12A as well section 80G of the Income Tax Act. Therefore, in the facts and circumstances of the case when no such objection was raised at the time of granting the earlier registration not once but at four occasions and under different provisions of Income Tax Act as well as under companies Act then the objections raised by the DIT are not sustainable – Directed the DIT (Exemption) to grant approval/renewal u/s 80G(5)(vi) of the assessee – Decided in favor of Assessee.
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