https://www.taxtmi.com/caselaws?id=120578 The Appellate Tribunal dismissed the department's appeals, affirming the grant of exemption under section 11 of the Income-tax Act to the educational institution for the assessment years in question. The judgment clarified that an educational institution could avail exemption under section 11 even if eligible under section 10(23C). It emphasized that both provisions operate parallelly, allowing institutions to seek exemption under either. The Tribunal also highlighted that the Assessing Officer exceeded jurisdiction by denying the exemption, as the role was limited to ensuring income was applied for charitable purposes. en-us Fri, 28 Mar 2008 00:00:00 +0530 Mon, 18 Dec 2023 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120578 The Appellate Tribunal dismissed the department's appeals, affirming the grant of exemption under section 11 of the Income-tax Act to the educational institution for the assessment years in question. The judgment clarified that an educational institution could avail exemption under section 11 even if eligible under section 10(23C). It emphasized that both provisions operate parallelly, allowing institutions to seek exemption under either. The Tribunal also highlighted that the Assessing Officer exceeded jurisdiction by denying the exemption, as the role was limited to ensuring income was applied for charitable purposes. Case-Laws Income Tax Fri, 28 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120578