Withdrawal of approval u/s. 10(23C)(vi) without corroborative evidence of personal benefit not justifiable

Scholars Education Trust of India Vs CIT (Exemption) (ITAT Jaipur)

ITAT Jaipur held that withdrawing approval under section 10(23C)(vi) of the Income Tax Act not justified in absence of any corroborative evidence of personal benefit of trustees and misuse of funds. Accordingly, appeal allowed and registration u/s. 10(23C)(vi) restored.

Facts- The assessee is an educational society running schools across Rajasthan, Delhi and Uttar Pradesh by the name of “Central Academy”. The assessee was granted approval u/s 10(23C)(vi) for AY 2011-12 and onwards. Subse

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