Skill Development Institution Qualifies as ‘Education’; Section 12AA/12AB Registration Restored: Pune ITAT

Page ContentsYashaswi Academy for Skills Vs PCIT (ITAT Pune) Yashaswi Academy for Skills Vs PCIT (ITAT Pune) Pune ITAT Restores U/s 12AA/12AB Registration – Skill Development Institution Held to be Engaged in ‘Education’ Despite Serious Allegations The Pune ITAT partly allowed the assessee’s appeal by setting aside the Principal CIT (Central)’s order cancelling registration under Sections 12AA and 12AB of the Income-tax Act, 1961 and directing restoration of the registrations. The Revenue had cancelled the registration following a survey alleging sham transactions, di...