V.I.P. Industries Ltd. vs Inspecting Assistant Commissioner on 11 January, 1991
Equivalent citations
activity in the field of education
through its aided and unaided institutions since the year 1932. The
various educational institutions run by the assessee
Zeenat Art Fashion Rs. 27,69,440/-
10. Unaid Rs. 29,46,112/-
Total Rs.2,83,39,538/-
All the aforesaid notices were returned
assessee for imparting
education are much less than what the private/unaided institutions, which
are not recognised, are charging. It is also not in dispute
assessee
is an authority constituted under section 11 of the Maharashtra Unaided
Private Professional Educational Institutions (Regulation of Admission and
Fees) Act, 2015. The assessee ... established, inter alia, to determine the
reasonableness of fees levied by unaided institutions, etc. For the year under
consideration, the assessee filed its return
local authority;
(iii) a school belonging to specified category; and
(iv) an unaided school not receiving any kind of aid or grants to meet
local authority;
(iii) a school belonging to specified category; and
(iv) an unaided school not receiving any kind of aid or grants to meet
earning profit.
The AO further noted that the assessee was also running unaided
educational institutions for which grants were not received from the
government ... were
Rs.5,51,94,182/- out of which fees collected from unaided institutions
was Rs.99,22,325/-. The assessee had received salary grant