Fine, Lab Fee, Founder Day/Photograph Charges are Incidental income to Running of Educational Institution

Pushp Niketan School Samiti Vs ITO (ITAT Delhi) It is seen that the assessee has filed written submission wherein it is stated that same amount shown as other income in the P&L Account including interest of FDR and saving accounts of Rs.83,008/- and other charges i.e. income of fine, Lab fee, Founder day charges, photograph charges etc of Rs.1,62,749/-. It is contended that the authorities below failed to appreciate that this income is integral part of running of school and the interest is incidental to such activity and also the receipt of running the educational institute is eligible for...