Allowing the appeal the Court held that, rejection of exemption was held to be not justified merely on the ground that the assessee was generating profit by charging fees for conducting examination. Matter remanded to commissioner.
Bihar Combined Entrance Competitive Examination Board v. CIT (2021) 278 Taxman 179 / 318 CTR 229 (Pat.)(HC)
S. 10(23C) : Educational institution-State examination Board-Charging fees-Denial of exemption is not valid-Matter remanded. [S. 12AA]