https://www.taxtmi.com/caselaws?id=178660 The ITAT dismissed both departmental appeals against the orders of the ld. CIT(A) for assessment years 2005-06 and 2006-07. The assessee, a registered society operating educational institutions, was found eligible for exemption u/s. 10(23C)(iiiab) as its programs were government-funded. The additions made by the AO on unproved grant, unsecured loans, and donations were deleted by the ld. CIT(A) and upheld by the ITAT. The ITAT held that the additions were not maintainable under the exemption, leading to the dismissal of the departmental appeals. en-us Fri, 21 Sep 2012 00:00:00 +0530 Wed, 10 Feb 2016 13:06:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178660 The ITAT dismissed both departmental appeals against the orders of the ld. CIT(A) for assessment years 2005-06 and 2006-07. The assessee, a registered society operating educational institutions, was found eligible for exemption u/s. 10(23C)(iiiab) as its programs were government-funded. The additions made by the AO on unproved grant, unsecured loans, and donations were deleted by the ld. CIT(A) and upheld by the ITAT. The ITAT held that the additions were not maintainable under the exemption, leading to the dismissal of the departmental appeals. Case-Laws Income Tax Fri, 21 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178660