Vehicle expense apportionment and agricultural income substantiation: ITAT allowed partial business deduction and deleted the reclassification additio...
Exemption for an educational institution under section 10(23C)(iiiab) was allowed because the Tribunal found the issue squarely covered by its earlier order in the assessee's own case, which had followed the Rajasthan High Court's view, and there was no change in facts for the years under consideration. On that basis, the Tribunal declined to depart from the earlier reasoning and sustained the assessee's claim to exemption as a wholly or substantially Government-financed educational institution. As a result, the additions linked to the assessment no longer survived and the revenue's appeals were dismissed.
Exemption for an educational institution under section 10(23C)(iiiab) was allowed because the Tribunal found the issue squarely covered by its earlier order in the assessee's own case, which had followed the Rajasthan High Court's view, and there was no change in facts for the years under consideration. On that basis, the Tribunal declined to depart from the earlier reasoning and sustained the assessee's claim to exemption as a wholly or substantially Government-financed educational institution. As a result, the additions linked to the assessment no longer survived and the revenue's appeals were dismissed.
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