Assessee-company is a Registered Valuers organisation. It conducted education courses in valuation. CIT(E) rejected assessee’s application for registration  by holding that assessee-company did not provide any formal school education and was merely engaged in providing coaching to aspirant students for IBBI examination preparation. On appeal the Tribunal held that CIT(E) had not examined objective of assessee as well as its activities in light of decision of Supreme Court in  Sole Trustee, Loka Shikshana Trust v. CIT [1975] 101 ITR 234 (SC) nor did he verify whether education imparted by assessee was in character of formal schooling. He had also not verified examination conducted or degree/certificate awarded by assessee. Accordingly the order of CIT(E) was to be set aside and matter was to be remitted back for fresh decision.