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2018 (7) TMI 2020 - SCH - Income TaxRegistration and exemption u/s 12-AA and 80-G(5) denied - assessee has not spent 85% of its income and furthermore has produced unreliable balance sheet and two separate list of donors which remained un-reconciled and no evidence regarding any charitable activity under taken - ITAT granted exemption as found that the assessee was set up to achieve its object of establishing educational institution or trust, which activity per se is a charitable purpose under Section 2(15) - HELD THAT:- Delay condoned. Leave granted.
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