https://www.taxtmi.com/caselaws?id=258042 The Tribunal held that the assessee-society was not eligible for exemption under section 10(23C)(iiiad) of the Income-tax Act due to its gross receipts exceeding Rs. 1 crore, which required approval from the prescribed authority. The Tribunal upheld the Assessing Officer's decision that the society needed to file a return and obtain an exemption certificate under section 10(23C)(vi) as it did not have the necessary documentation by the specified date. Additionally, the Tribunal ruled that the receipts of both educational institutions run by the society should be clubbed for tax assessment purposes, and upheld the imposition of a penalty under section 271(1)(c) for non-compliance with legal requirements. en-us Thu, 13 Feb 2014 00:00:00 +0530 Mon, 30 Mar 2015 06:01:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258042 The Tribunal held that the assessee-society was not eligible for exemption under section 10(23C)(iiiad) of the Income-tax Act due to its gross receipts exceeding Rs. 1 crore, which required approval from the prescribed authority. The Tribunal upheld the Assessing Officer's decision that the society needed to file a return and obtain an exemption certificate under section 10(23C)(vi) as it did not have the necessary documentation by the specified date. Additionally, the Tribunal ruled that the receipts of both educational institutions run by the society should be clubbed for tax assessment purposes, and upheld the imposition of a penalty under section 271(1)(c) for non-compliance with legal requirements. Case-Laws Income Tax Thu, 13 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258042