https://www.taxtmi.com/caselaws?id=218926 The trust, focusing on rural banking training, was granted exemption under section 10(23C)(iiiad) of the Income-tax Act, 1961 by the CIT(A) despite the AO's disallowance. The ITAT upheld this decision, emphasizing the trust's educational activities and adherence to exemption criteria. The issue of disallowance under section 11(1)(a) on income application outside India was deemed moot due to the exemption granted, leading to the dismissal of the revenue's appeal. en-us Tue, 24 Jul 2012 00:00:00 +0530 Thu, 29 Nov 2012 08:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218926 The trust, focusing on rural banking training, was granted exemption under section 10(23C)(iiiad) of the Income-tax Act, 1961 by the CIT(A) despite the AO's disallowance. The ITAT upheld this decision, emphasizing the trust's educational activities and adherence to exemption criteria. The issue of disallowance under section 11(1)(a) on income application outside India was deemed moot due to the exemption granted, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Tue, 24 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218926