Where the assessee’s application for approval under section 10(23C) was rejected by the CIT on the ground that it is not an educational institution, matter had to be remanded back to the CIT to consider the application again in light of the fact whether the assessee was generating any profits by charging fees for conducting the examination.
Bihar Combined Entrance Competitive Examination Board v. CIT (2021) 318 CTR 229 / 125 taxmann.com 228 (Pat) (HC)
S. 10 (23C): Educational institution- Approval not to be denied in the absence of information regarding charging of profits