https://www.taxtmi.com/caselaws?id=272401 The Tribunal allowed the appeal of a society registered by the Government of Punjab, granting exemption under section 10(23C)(iiiab) of the Income Tax Act, 1961 for the assessment year 2013-14. The Tribunal held that the society's activities were educational, not profit-driven, as it primarily conducted training courses for public service officers. The denial of exemption and classification of activities as non-educational were overturned in favor of the assessee. The advances made to Punjab Small Industries & Export Corporation Ltd. were deemed in furtherance of educational objectives and not a violation of the Act. en-us Mon, 30 Oct 2017 00:00:00 +0530 Tue, 18 Apr 2023 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272401 The Tribunal allowed the appeal of a society registered by the Government of Punjab, granting exemption under section 10(23C)(iiiab) of the Income Tax Act, 1961 for the assessment year 2013-14. The Tribunal held that the society's activities were educational, not profit-driven, as it primarily conducted training courses for public service officers. The denial of exemption and classification of activities as non-educational were overturned in favor of the assessee. The advances made to Punjab Small Industries & Export Corporation Ltd. were deemed in furtherance of educational objectives and not a violation of the Act. Case-Laws Income Tax Mon, 30 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272401