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2015 (6) TMI 3 - AT - Income TaxDenial of exemption u/s 11 - large amount of capital fee as collection of money for admission of students in the school - Held that:- As can be seen from the content of the sworn affidavit, it is the contention of the assessee that neither there is a regulating authority/prescribed body in India, as far as the assessee is concerned, nor there is any fee prescribed for the assessee either by DARE/MEA or by any of the bodies to which it is affiliated to. It is further submission of the assessee that the one time admission/capital fee of ₹ 1.75 lakhs from each of the student is part of the fee structure approved by the school management, hence it cannot be said that the assessee has charged any fees over and above the prescribed fee for denying exemption u/s 11 of the I.T. Act to the assessee. As the aforesaid issue requires examination by the AO as it is not clear whether they have examined this aspect while coming to the conclusion that the assessee has charged fees over and above the prescribed fee.- Decided in favour of assesse for statistical purposes.
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