https://www.taxtmi.com/caselaws?id=247401 The appeal by the revenue challenging the exemption claimed by the assessee under section 10(23C) of the Income Tax Act was dismissed. The Assessing Officer's decision to tax donations was overturned by the CIT(A) and upheld by the Tribunal, as the donations were confirmed to be for educational purposes and fell below the prescribed limit for exemption. The High Court's ruling favored the trust's registration for engaging solely in educational activities, meeting the criteria for exemption. The lack of registration under section 12AA was not a barrier to granting the exemption, and the trust's educational focus was affirmed, leading to the dismissal of the appeal. en-us Thu, 01 May 2014 00:00:00 +0530 Sat, 10 May 2014 08:09:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247401 The appeal by the revenue challenging the exemption claimed by the assessee under section 10(23C) of the Income Tax Act was dismissed. The Assessing Officer's decision to tax donations was overturned by the CIT(A) and upheld by the Tribunal, as the donations were confirmed to be for educational purposes and fell below the prescribed limit for exemption. The High Court's ruling favored the trust's registration for engaging solely in educational activities, meeting the criteria for exemption. The lack of registration under section 12AA was not a barrier to granting the exemption, and the trust's educational focus was affirmed, leading to the dismissal of the appeal. Case-Laws Income Tax Thu, 01 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247401