Exemption u/s 10 & 11 cannot be granted merely based on section 12AA Registration

Director of Income Tax Vs ST.ANN’s Education Society (Karnataka High Court) The issue under consideration is whether the Income Tax benefit under section 10 and 11 will be granted on the basis of registration under section 12AA? In the present case, the assessee, St. Ann’s Education Society was registered as a society under the Karnataka Societies Registration Act with the object of establishing and conducting Nursery, Primary and Middle Schools and technical training institutes, teachers training school, adult education, tutorial college, child care center, crèche, etc. The assessee...