https://www.taxtmi.com/caselaws?id=67197 The Tribunal upheld the CIT (A)'s decision in an appeal against the order of the Commissioner of Income Tax (Appeals) regarding the addition of surplus income and disallowance of expenses under section 10(23C)(iiiad) for the assessment year 2003-04. It was held that the society running a school was entitled to exemption under the said provision as the ancillary activities like transportation and mess services were essential to education and not profit-oriented. The Tribunal emphasized the institution's non-profit motive and educational focus, dismissing the Revenue's appeal. en-us Thu, 20 Dec 2007 00:00:00 +0530 Tue, 07 Aug 2012 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67197 The Tribunal upheld the CIT (A)'s decision in an appeal against the order of the Commissioner of Income Tax (Appeals) regarding the addition of surplus income and disallowance of expenses under section 10(23C)(iiiad) for the assessment year 2003-04. It was held that the society running a school was entitled to exemption under the said provision as the ancillary activities like transportation and mess services were essential to education and not profit-oriented. The Tribunal emphasized the institution's non-profit motive and educational focus, dismissing the Revenue's appeal. Case-Laws Income Tax Thu, 20 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67197