Denial of benefit u/s. 12AA to institute registered as educational trust unjustified: Punjab & Haryana HC

CIT Vs Yadvindra Public School (Punjab and Haryana High Court) Punjab and Haryana High Court held that benefit of section 12AA of the Income Tax Act cannot be denied to the institute that is duly registered as educational trust and earning in utilised for the purpose of advancement of education. Facts- The respondent/assessee had challenged the refusal of registration of the association u/s. 12 AA of the Act, passed by CIT. The Commissioner of Income Tax observed that the society had not been carrying on with any charitable activity as the society was not imparting education as a charitable pu...