https://www.taxtmi.com/caselaws?id=379135 The ITAT allowed the educational society's appeal, granting exemption under section 10(23)(iiiad) for AYs 2013-14 and 2014-15. The ITAT concluded that the society, despite having multiple objectives, operated solely for educational purposes during the relevant assessment years, with gross receipts below the exemption threshold. This decision overturned the AO's assessment treating the income as taxable and the CIT(A)'s dismissal of the appeal based on the society's multifarious objectives. en-us Wed, 24 Apr 2019 00:00:00 +0530 Sat, 27 Apr 2019 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379135 The ITAT allowed the educational society's appeal, granting exemption under section 10(23)(iiiad) for AYs 2013-14 and 2014-15. The ITAT concluded that the society, despite having multiple objectives, operated solely for educational purposes during the relevant assessment years, with gross receipts below the exemption threshold. This decision overturned the AO's assessment treating the income as taxable and the CIT(A)'s dismissal of the appeal based on the society's multifarious objectives. Case-Laws Income Tax Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379135