https://www.taxtmi.com/caselaws?id=252819 The tribunal partly allowed the appeal by upholding the reopening of the assessment due to non-compliance with section 11(1A) but granted exemption under section 10(23C)(iiiad) for land sale, finding the society existed for educational purposes. The incorrect assessment of Rs. 3,700 as business income was deemed not assessable. The challenge against the charging of interest under sections 234A, 234B, and 234C was rejected. en-us Mon, 03 Mar 2014 00:00:00 +0530 Wed, 05 Nov 2014 06:25:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252819 The tribunal partly allowed the appeal by upholding the reopening of the assessment due to non-compliance with section 11(1A) but granted exemption under section 10(23C)(iiiad) for land sale, finding the society existed for educational purposes. The incorrect assessment of Rs. 3,700 as business income was deemed not assessable. The challenge against the charging of interest under sections 234A, 234B, and 234C was rejected. Case-Laws Income Tax Mon, 03 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252819