2023 (4) TMI 1343

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..... t to impart education - As decided by HC [ 2022 (12) TMI 401 - KARNATAKA HIGH COURT] stand taken by the assessee that contributions were received only from the students has been rightly rejected by the Assessing Officer - cash balance of Rs.1.30 Crores at the peak with petty cash being drawn on daily basis fortifies the view taken by the Assessing Officer that money was being utilized for some oth .....

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