https://www.taxtmi.com/caselaws?id=257030 The tribunal upheld the Commissioner of Income Tax (Appeals)' decision, granting the society conducting coaching classes for civil services examinations exemption under section 10(23C)(iiiad). It ruled that the society's activities fell within the broader concept of 'education,' including vocational training, making it eligible for exemption. The tribunal emphasized consistency in granting exemptions, disallowing the A.O.'s denial based on narrow interpretations. Additionally, depreciation on capital assets was allowed, and the alternative claim for exemption under section 11 was deemed unnecessary. The tribunal dismissed the department's appeal and the assessee's cross-objection, affirming the exemption under section 10(23C)(iiiad). en-us Fri, 30 Jan 2015 00:00:00 +0530 Fri, 05 Aug 2022 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257030 The tribunal upheld the Commissioner of Income Tax (Appeals)' decision, granting the society conducting coaching classes for civil services examinations exemption under section 10(23C)(iiiad). It ruled that the society's activities fell within the broader concept of 'education,' including vocational training, making it eligible for exemption. The tribunal emphasized consistency in granting exemptions, disallowing the A.O.'s denial based on narrow interpretations. Additionally, depreciation on capital assets was allowed, and the alternative claim for exemption under section 11 was deemed unnecessary. The tribunal dismissed the department's appeal and the assessee's cross-objection, affirming the exemption under section 10(23C)(iiiad). Case-Laws Income Tax Fri, 30 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257030