Dismissing the appeal of the Revenue, the Court held that exemption cannot be denied on the ground that the assessee had been charging substantial fees from the students with a view to making profit and that the imparting of education was for commercial motive. Referred New Noble Educational Society. v. Chief CIT (2022) 329 CTR 137/219 DTR 89 (SC)/ Association Educational Institute v. CBDT (2008) 216 CTR 377. 7 DTR 183/ (2008) 10 SCC 509 / Queen’s Educational Society v. CIT (2015) 275 CTR 449 / 117 DTR 1(SC), (2015) 8 SCC 47 (AY. 2007-08 to 2012-13)
CIT v. Siksha ‘O’ Anusandhan (2023) 331 CTR 348 (Orissa) (HC)
S. 11 : Property held for charitable purposes-Charging substantial fees from students-Exemption cannot be denied-Order of Tribunal is affirmed.[S. 2(15), 13, 260A]