No Exemption u/s.10(23C) to educational institute if It earns huge profits

IN THE ITAT INDORE BENCH M.P. Rajya Open School Bhopal Versus Deputy Commissioner of Income-tax-1(2) IT Appeal Nos. 193 to 198 (Ind.) of 2012 [Assessment Years 2003-04 to 2008-09] November 8, 2012 ORDER Joginder Singh, Judicial Member – These are the appeals filed by the assessee against the consolidated order dated 25.1.2011 of the Commissioner of Income Tax (Appeals) for the assessment years 2003-04 to 2008-09. The sum and substance of the grounds taken by the assessee in these appeals is that the learned CIT(A) was not justified in confirming the additions of Rs. 3,22...