https://www.taxtmi.com/caselaws?id=325505 The Tribunal upheld the exemption under section 10(22A) for the assessment year 1992-93, dismissing the revenue's appeal against the CIT(A)'s order. The judges emphasized adherence to Circular No.21 of 2015 on tax effect limits, remanding the matter to assess if the tax effect was below Rs. 20 lakhs. If confirmed, the appeal would be dismissed, aligning with previous decisions regarding philanthropic purposes and income sources. en-us Fri, 18 Mar 2016 00:00:00 +0530 Mon, 21 Mar 2016 01:06:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325505 The Tribunal upheld the exemption under section 10(22A) for the assessment year 1992-93, dismissing the revenue's appeal against the CIT(A)'s order. The judges emphasized adherence to Circular No.21 of 2015 on tax effect limits, remanding the matter to assess if the tax effect was below Rs. 20 lakhs. If confirmed, the appeal would be dismissed, aligning with previous decisions regarding philanthropic purposes and income sources. Case-Laws Income Tax Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325505