https://www.taxtmi.com/caselaws?id=245229 The ITAT upheld the CIT(A)'s decision to allow exemption under section 11 for A.Y. 2006-07, despite the claim not being initially filed in the return of income u/s 139(1). The Revenue's challenge was dismissed, emphasizing the trust's activities in education, medical help, and financial aid to the handicapped, which justified the exemption. The CIT(A) and ITAT found the trust met the conditions for exemption u/s 10(23C) (iiiad) & (iiiae), rejecting the Revenue's arguments. The appeal by the Revenue was consequently dismissed, affirming the CIT(A)'s order regarding the exemption claim. en-us Wed, 26 Feb 2014 00:00:00 +0530 Fri, 21 Mar 2014 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245229 The ITAT upheld the CIT(A)'s decision to allow exemption under section 11 for A.Y. 2006-07, despite the claim not being initially filed in the return of income u/s 139(1). The Revenue's challenge was dismissed, emphasizing the trust's activities in education, medical help, and financial aid to the handicapped, which justified the exemption. The CIT(A) and ITAT found the trust met the conditions for exemption u/s 10(23C) (iiiad) & (iiiae), rejecting the Revenue's arguments. The appeal by the Revenue was consequently dismissed, affirming the CIT(A)'s order regarding the exemption claim. Case-Laws Income Tax Wed, 26 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245229