Payment of lease rent to secretary not a ground for rejection of section 12A application: SC

INCOME TAX: SLP dismissed against High Court ruling that where assessee educational society, set up with various aims and objects including improvement in standard of education of backward students of rural areas, was running a school and Commissioner had not doubted genuineness of its aims and objects, application under section 12A could not be rejected merely on ground that secretary of society was getting lease rent for land given to society for running school or his wife who had requisite qu

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