Institute providing academic services & applying income towards same is entitled to registration u/s. 12AA

ITAT CHENNAI BENCH ‘A’ Institute of Chartered Shipbrokers versus Director of Income-tax (Exemptions), Chennai IT Appeal No. 348 (Mds.) of 2012 July 30, 2012 ORDER Dr. O.K. Narayanan, Vice-President   This appeal is filed by the assessee. The appellant is registered as a public charitable trust under section 12AA of the Income-tax Act, 1961. Registration under section 12AA was granted to the assessee in terms of section 2(15) of the Income-tax Act, 1961, holding that the assessee is carrying on the activities of education in a charitable manner. The assessee, The I...