https://www.taxtmi.com/caselaws?id=386133 The Tribunal upheld the appellant's classification as an educational society under section 2(15) of the Income Tax Act, allowing grounds 1 to 6 in favor of the appellant. The treatment of advance fees, disallowance of rent payment, denial of exemption for advances to related parties, denial of exemption for donations and contributions, and disallowance of the cost of acquisition of fixed assets were all allowed in favor of the appellant. The issue of non-consideration of statutory allowance was deemed infructuous, and the initiation of penalty and charging of interest was dismissed. en-us Fri, 06 Sep 2019 00:00:00 +0530 Mon, 23 Sep 2019 07:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386133 The Tribunal upheld the appellant's classification as an educational society under section 2(15) of the Income Tax Act, allowing grounds 1 to 6 in favor of the appellant. The treatment of advance fees, disallowance of rent payment, denial of exemption for advances to related parties, denial of exemption for donations and contributions, and disallowance of the cost of acquisition of fixed assets were all allowed in favor of the appellant. The issue of non-consideration of statutory allowance was deemed infructuous, and the initiation of penalty and charging of interest was dismissed. Case-Laws Income Tax Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386133