https://www.taxtmi.com/caselaws?id=266616 The Tribunal reversed the CIT(A)'s decision and allowed the appellant's claim for exemption under section 10(23C)(iiiad) of the Income Tax Act. It found that the institution existed solely for educational purposes, despite initial findings of lack of educational activities. The Tribunal accepted the capital expenditure for school construction and explained the absence of depreciation claims due to the school not being operational. The Tribunal criticized the denial of exemption by the CIT(A) and granted the appellant partial relief, emphasizing the educational focus of the school construction activity. en-us Fri, 21 Aug 2015 00:00:00 +0530 Wed, 30 Sep 2015 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266616 The Tribunal reversed the CIT(A)'s decision and allowed the appellant's claim for exemption under section 10(23C)(iiiad) of the Income Tax Act. It found that the institution existed solely for educational purposes, despite initial findings of lack of educational activities. The Tribunal accepted the capital expenditure for school construction and explained the absence of depreciation claims due to the school not being operational. The Tribunal criticized the denial of exemption by the CIT(A) and granted the appellant partial relief, emphasizing the educational focus of the school construction activity. Case-Laws Income Tax Fri, 21 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266616