https://www.taxtmi.com/caselaws?id=396373 The ITAT ruled in favor of the assessee trust, determining that providing hostel facilities to needy students constitutes an "educational activity" under Section 2(15) of the Income Tax Act, 1961. Consequently, the proviso concerning "advancement of general public utility" was deemed inapplicable. The Tribunal also justified the procedural delay in pronouncing the order beyond the 90-day period due to the Covid-19 pandemic, aligning with higher court precedents on extending limitation periods. The AO was directed to grant relief by acknowledging the educational nature of the trust's activities, thus exempting it from certain tax implications. en-us Mon, 29 Jun 2020 00:00:00 +0530 Fri, 08 Nov 2024 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396373 The ITAT ruled in favor of the assessee trust, determining that providing hostel facilities to needy students constitutes an "educational activity" under Section 2(15) of the Income Tax Act, 1961. Consequently, the proviso concerning "advancement of general public utility" was deemed inapplicable. The Tribunal also justified the procedural delay in pronouncing the order beyond the 90-day period due to the Covid-19 pandemic, aligning with higher court precedents on extending limitation periods. The AO was directed to grant relief by acknowledging the educational nature of the trust's activities, thus exempting it from certain tax implications. Case-Laws Income Tax Mon, 29 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396373