Dismissing the appeal of the assessee the Court held that, annual receipts from fee, interest and addition as cash credits exceeded Rs one crore and prior approval of CCIT was not taken. Accordingly the denial of exemption is held to be justified.( AY. 2011-12)
Satluj Shiksha Samiti v. CIT (2019) 264 Taxman 315/ 311 CTR 244 (P&H)(HC )
S. 10(23C) : Educational institution-Child education-Annual receipts from fee, interest and addition as cash credits exceeded Rs one crore–Prior approval was taken by CCIT–Denial of exemption is held to be justified. [S. 10 (23C)(iiad), 68]