https://www.taxtmi.com/caselaws?id=384039 The Tribunal found that the assessee, an educational institution affiliated with PTU, qualified for exemption under Section 10(23C)(iiiad) as its activities fell within the definition of education. The Tribunal disagreed with the AO and CIT(A)'s characterization of the assessee's income from PTU as business income, emphasizing that the nature of the receipt should be determined by the agreement between PTU and the assessee. As a result, the Tribunal set aside the CIT(A)'s order, deleted the addition made by the AO, and allowed the appeal. en-us Fri, 05 Apr 2019 00:00:00 +0530 Sat, 03 Aug 2019 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384039 The Tribunal found that the assessee, an educational institution affiliated with PTU, qualified for exemption under Section 10(23C)(iiiad) as its activities fell within the definition of education. The Tribunal disagreed with the AO and CIT(A)'s characterization of the assessee's income from PTU as business income, emphasizing that the nature of the receipt should be determined by the agreement between PTU and the assessee. As a result, the Tribunal set aside the CIT(A)'s order, deleted the addition made by the AO, and allowed the appeal. Case-Laws Income Tax Fri, 05 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384039