https://www.taxtmi.com/caselaws?id=204935 Revision under section 263 was unavailable because the Assessing Officer had examined the material and adopted a permissible view. Coaching receipts from classes conducted within the institute's statutory educational framework were linked to its educational objects and did not amount to a separate business requiring separate books of account. Overseas expenditure, incurred in connection with the institute's statutory and educational objects, did not by itself defeat exemption under section 10(23C)(iv), as that provision did not impose the condition asserted by the revisional authority. The revisionary order was therefore unsustainable and the assessment was restored. en-us Mon, 18 Oct 2010 00:00:00 +0530 Sat, 03 Sep 2011 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204935 Revision under section 263 was unavailable because the Assessing Officer had examined the material and adopted a permissible view. Coaching receipts from classes conducted within the institute's statutory educational framework were linked to its educational objects and did not amount to a separate business requiring separate books of account. Overseas expenditure, incurred in connection with the institute's statutory and educational objects, did not by itself defeat exemption under section 10(23C)(iv), as that provision did not impose the condition asserted by the revisional authority. The revisionary order was therefore unsustainable and the assessment was restored. Case-Laws Income Tax Mon, 18 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204935