https://www.taxtmi.com/caselaws?id=243707 The Tribunal found that the trust was not eligible for exemption under Section 10(22) and 10(23C) of the Income Tax Act as it did not solely exist for educational purposes. Issues regarding undisclosed income, unaccounted fees, and other additions were upheld by the Tribunal. The levy of surcharge under Section 113 was confirmed, and the validity of block assessment under Section 158BD was upheld. The Tribunal also found the assessment order to be within the limitation period and upheld the validity of the corrigendum issued by the assessing officer. The appeal of the revenue was partly allowed, and the cross-objection of the assessee was dismissed. en-us Fri, 31 Jan 2014 00:00:00 +0530 Thu, 20 Aug 2015 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243707 The Tribunal found that the trust was not eligible for exemption under Section 10(22) and 10(23C) of the Income Tax Act as it did not solely exist for educational purposes. Issues regarding undisclosed income, unaccounted fees, and other additions were upheld by the Tribunal. The levy of surcharge under Section 113 was confirmed, and the validity of block assessment under Section 158BD was upheld. The Tribunal also found the assessment order to be within the limitation period and upheld the validity of the corrigendum issued by the assessing officer. The appeal of the revenue was partly allowed, and the cross-objection of the assessee was dismissed. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243707