https://www.taxtmi.com/caselaws?id=351147 The High Court upheld the decision of the ITAT, dismissing the Commissioner's appeal challenging the order passed under Section 263 of the Income Tax Act. The Court found that the ITAT's decision regarding the registration status of the respondent under Section 12A/12AA was correct, emphasizing that the exemption limit for educational institutions applied to annual receipts, not total income. Consequently, the Court ruled in favor of the respondent, highlighting the importance of proper interpretation and application of tax laws in determining eligibility for exemptions. en-us Mon, 30 Oct 2017 00:00:00 +0530 Mon, 20 Nov 2017 07:27:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351147 The High Court upheld the decision of the ITAT, dismissing the Commissioner's appeal challenging the order passed under Section 263 of the Income Tax Act. The Court found that the ITAT's decision regarding the registration status of the respondent under Section 12A/12AA was correct, emphasizing that the exemption limit for educational institutions applied to annual receipts, not total income. Consequently, the Court ruled in favor of the respondent, highlighting the importance of proper interpretation and application of tax laws in determining eligibility for exemptions. Case-Laws Income Tax Mon, 30 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351147