Allowing the appeal of the revenue the Tribunal held that ; Development fund received along with tuition fee in a single receipt of fees from students was held to be revenue receipts and cannot be held to be capital receipt . ( AY. 2012-13)
ACIT (E) v. Scholars Education Trust of India. (2018) 168 ITD 183 (Jaipur) (Trib.)
S. 11 : Property held for charitable purposes – Capital or revenue Development fund along with tuition fee in a single receipt of fees from students was held to be revenue receipts and cannot be held to be capital receipt [ S. 4, 12A ]