https://www.taxtmi.com/caselaws?id=243709 The ITAT upheld the CIT(A)'s decision, ruling that an educational institution registered under section 12A can claim exemption under section 11 of the IT Act without approval under section 10(23C)(vi) when gross receipts exceed Rs. one crore. The judgment emphasized that an institution can avail exemptions under both sections if conditions are met, and the AO cannot deny exemption solely based on coverage under section 10(23C). The ITAT dismissed the Revenue's appeal, affirming the CIT(A)'s order and highlighting the flexibility for the assessee to choose between exemptions under the relevant sections. en-us Tue, 04 Feb 2014 00:00:00 +0530 Sat, 08 Feb 2014 10:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243709 The ITAT upheld the CIT(A)'s decision, ruling that an educational institution registered under section 12A can claim exemption under section 11 of the IT Act without approval under section 10(23C)(vi) when gross receipts exceed Rs. one crore. The judgment emphasized that an institution can avail exemptions under both sections if conditions are met, and the AO cannot deny exemption solely based on coverage under section 10(23C). The ITAT dismissed the Revenue's appeal, affirming the CIT(A)'s order and highlighting the flexibility for the assessee to choose between exemptions under the relevant sections. Case-Laws Income Tax Tue, 04 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243709