https://www.taxtmi.com/caselaws?id=122399 The Tribunal ruled in favor of the assessee school, holding that it was entitled to exemption under section 10(23C)(iiiad) of the Income Tax Act. The school's income was below the prescribed limit and was used exclusively for educational purposes, particularly for constructing a school building. The Tribunal distinguished between sections 10(23C)(iiiad) and 10(23C)(iv), emphasizing that registration under section 12A was not required for exemption under section 10(23C)(iiiad). Judicial precedents supported the assessee's position, and the Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision. en-us Wed, 31 Mar 2010 00:00:00 +0530 Mon, 13 Aug 2012 14:15:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122399 The Tribunal ruled in favor of the assessee school, holding that it was entitled to exemption under section 10(23C)(iiiad) of the Income Tax Act. The school's income was below the prescribed limit and was used exclusively for educational purposes, particularly for constructing a school building. The Tribunal distinguished between sections 10(23C)(iiiad) and 10(23C)(iv), emphasizing that registration under section 12A was not required for exemption under section 10(23C)(iiiad). Judicial precedents supported the assessee's position, and the Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision. Case-Laws Income Tax Wed, 31 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122399