Assessee collected capitation fees in cash from students for admission under management quota in the institution run by the assessee and said fees instead of being used for objects of society were transferred to the president of the assessee-society. Denial of exemption is held to be justified. (AY. 2008-09 to 2014-15)
Sinhagad Technical Education Society v. DCIT (2022) 195 ITD 683 (Pune)(Trib.)
S. 11 : Property held for charitable purposes-Capitalisation fees-Cash from students-Utilised for personal gain of President of the Institution-Denial of exemption is justified. [S. 13]