https://www.taxtmi.com/caselaws?id=341197 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision, dismissing the Revenue's appeal. The ITAT concurred with the CIT(A)'s findings that the lease agreement was valid, the premises were used for educational purposes, and there was no diversion of funds to interested parties. Consequently, the exemption under Section 11 of the Income Tax Act was deemed appropriate. The Revenue's appeal was rejected, and the CIT(A)'s decision was upheld. en-us Tue, 10 Jan 2017 00:00:00 +0530 Tue, 04 Apr 2017 09:59:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341197 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision, dismissing the Revenue's appeal. The ITAT concurred with the CIT(A)'s findings that the lease agreement was valid, the premises were used for educational purposes, and there was no diversion of funds to interested parties. Consequently, the exemption under Section 11 of the Income Tax Act was deemed appropriate. The Revenue's appeal was rejected, and the CIT(A)'s decision was upheld. Case-Laws Income Tax Tue, 10 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341197