M/S PUNJABI UNIVERSITY,PATIALA vs. CIT (EXEMPTIONS), CHANDIGARH

per the provisions of section 12AA of the Act after

examining the financial statements and other relevant

documents which the Ld.CIT(E) considers necessary for

arriving at the prescribed satisfaction of the genuineness of

the objects and activities of the assessee university. We

may further add that the Ld.CIT(E) while doing so, take

cognizance of the document submitted by the Ld. counsel

for assessee stating that it was granting degrees to old

students by conducting examination on collecting fees and

seek justification of the quantum of fees so collected per

student so as to rule out that the university is indulging in

any act involving earning of profits. We further add that the

applicant University be granted due opportunity of hearing

in this regard. We therefore restore the matter back to the

file of the Ld.CIT(E) to examine the application of the

applicant University afresh and thereafter pass an order

in accordance with law.

Order pronounced in the Open Court.

Sd/- Sd/- (SANJAY GARG) (ANNAPURNA GUPTA) JUDICIAL MEMBER ACCOUNTANT MEMBER Dated : 16th April, 2018 *Rati* Copy to: 1. The Appellant 2. The Respondent 3. The CIT(A) 4. The CIT 5. The DR Assistant Registrar, ITAT, Chandigarh