Held that  the advances given by the assessee-society for purchase of land for its educational activities without interest or security have been accepted as genuine business deal by the CIT(E) and the proceedings for cancellation of registration under s. 12AA were dropped. There is no violation of provisions of s. 13(1)(c),  13(2)(a) and exemption under S. 11 cannot be denied.  (AY. 2016-17)