Massive Unsubstantiated Fee Surpluses and Accumulations Justify Rejection of Section 12A Educational Registration
Massive Unsubstantiated Fee Surpluses and Accumulations Justify Rejection of Section 12A Educational Registration Issue Whether an educational institution established under the IIM Act, 2017, generating substantial recurring surpluses and maintaining massive accumulated funds without concrete documentation for proposed expansion, is entitled to registration under Section 12A read with Section 2(15) of the Income-tax Act, 1961.… Read More »