Section 12AA Trust Registration Cancellation justified for Receipt of unaccounted capitation fee by educational trust

M/s. Prathyusha Educational Trust Vs ACIT (ITAT Chennai)

The primary ground raised by the assessee in respect of the cancellation of the registration u/s.12AA is that it cannot be withdrawn retrospectively. The second issue raised is that the Revenue has not established that the amounts received from the students were capitation fee. In respect of the issue raised regarding the advance for construction and the advance having been given to the Contractor to reduce the cost of finance of the builder and the salar

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