https://www.taxtmi.com/caselaws?id=266177 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner of Income-tax (Appeals)'s decision to delete the addition of the surplus income in dispute. It clarified the treatment of donations towards the corpus fund, emphasizing that such donations should not be considered as part of the society's receipts for exemption eligibility purposes. The judgment reiterated the criteria for determining eligibility for exemption under section 10(23C)(iiiad) based on the annual receipts of the educational institution, ultimately allowing the exemption claimed by the assessee. en-us Mon, 16 Feb 2015 00:00:00 +0530 Sun, 18 Oct 2015 17:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266177 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner of Income-tax (Appeals)'s decision to delete the addition of the surplus income in dispute. It clarified the treatment of donations towards the corpus fund, emphasizing that such donations should not be considered as part of the society's receipts for exemption eligibility purposes. The judgment reiterated the criteria for determining eligibility for exemption under section 10(23C)(iiiad) based on the annual receipts of the educational institution, ultimately allowing the exemption claimed by the assessee. Case-Laws Income Tax Mon, 16 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266177