Assessee, a medical university, created under State Act, had filed an application seeking approval under section 80G(5)(vi) and exemption under section 10(23C).It had a sponsor/promoter which was a public medical charitable trust. On the basis of statements made by accountant of the sponsor the exemption was denied. Tribunal allowed the exemption. On appeal High Court affirmed the order of the Tribunal.
CIT€ v. Pacific Medical University (2022) 137 taxmann.com 207 (Raj.)(HC) Editorial : SLP of Revenue dismissed, CIT (E) v. Pacific Medical University (2022) 286 Taxman 358 (SC)
S. 10 (23C): Educational institution-Medical university-Statement of accountant of a promotor/sponsor-Books of account-Refusal of registration and approval under section 80G is held to be not valid. [S. 10(23)(vi), 12AA, 80G (5)(vi)]