Exemption u/s 11 available to education activities resulting in university degrees

ITO Vs Chanakya Mandal Pariwar (ITAT Pune) Held that assessee providing education activities only which results in university degrees in various courses is eligible for exemption u/s 11. Facts- The assessee is running various study centres as per its agreement with Yashwantrao Chavhan Maharashtra Open University, Nashik as per the duly approved programmes. The said agreement suggests that the assessee is supposed to offer and carry out various study programmes for the university’s registered students by way of correspondence classes, evaluation and as evolving course material as well other a...