2023 (3) TMI 1512

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..... y - as argued appellant's Trust was registered with the primary object 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 AO. Cash balance of Rs.1.30 Crores at the peak with petty cash being drawn on daily basis fortifies the view taken by the AO .....

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