Allowing the appeal of the assessee the Tribunal held that, when an educational institution carries on activity of education primarily for educating persons, and merely it making profit would not lead to conclusion that it ceases to exist solely for educational purposes and becomes an institution for purpose of making profit.  Since surplus generated by assessee had been ploughed back for furtherance of its object of carrying out educational activities, hence rejection is not justified to grant registration to assessee-society.