Matter remanded to verify whether providing coaching to IBBI aspirant for preparing exams was charitable in nature

INCOME TAX : Where Commissioner (Exemption) rejected a foundation's application under section 12AA on ground that it was engaged in providing coaching to IBBI aspirant students for examination preparation while he had not verified whether education imparted was in character of formal schooling or not as per section 2(15), matter was to be readjudicated

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