https://www.taxtmi.com/caselaws?id=330692 The Tribunal upheld the exemption under section 10(23C) (vi) of the Income Tax Act for the assessee's income, except for specific instances where disallowances were confirmed. The appeal by the Revenue challenging the exemption was partly allowed, with the Tribunal ruling that the income would continue to be exempt despite certain breaches and that there was no merit in denying exemption for specific expenses like penalty. The Tribunal also confirmed the disallowance of expenses incurred on Amrut Mahotsav, stating they were not considered for charitable purposes. en-us Fri, 29 Jul 2016 00:00:00 +0530 Wed, 03 Aug 2016 11:07:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330692 The Tribunal upheld the exemption under section 10(23C) (vi) of the Income Tax Act for the assessee's income, except for specific instances where disallowances were confirmed. The appeal by the Revenue challenging the exemption was partly allowed, with the Tribunal ruling that the income would continue to be exempt despite certain breaches and that there was no merit in denying exemption for specific expenses like penalty. The Tribunal also confirmed the disallowance of expenses incurred on Amrut Mahotsav, stating they were not considered for charitable purposes. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330692