https://www.taxtmi.com/caselaws?id=200088 The ITAT upheld the CIT(A)'s decision to allow exemption under Section 10(23C)(iiiad) for an assessee trust operating a school, despite generating surplus income. It ruled that the surplus was incidental and utilized for educational purposes, aligning with Supreme Court precedents. The requirement for registration under Section 12AA was deemed unnecessary for claiming the exemption. The ITAT rejected the department's reliance on a previous Uttarakhand High Court decision, emphasizing that surplus incidental to educational activities does not negate the educational purpose. en-us Fri, 01 Jan 2016 00:00:00 +0530 Tue, 20 Mar 2018 07:51:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200088 The ITAT upheld the CIT(A)'s decision to allow exemption under Section 10(23C)(iiiad) for an assessee trust operating a school, despite generating surplus income. It ruled that the surplus was incidental and utilized for educational purposes, aligning with Supreme Court precedents. The requirement for registration under Section 12AA was deemed unnecessary for claiming the exemption. The ITAT rejected the department's reliance on a previous Uttarakhand High Court decision, emphasizing that surplus incidental to educational activities does not negate the educational purpose. Case-Laws Income Tax Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200088