https://www.taxtmi.com/caselaws?id=400554 The Tribunal upheld the CIT(A)'s decision that the educational institute was eligible for exemption under Section 10(23C)(iiiab) of the Income Tax Act as it was substantially financed by the Government and existed solely for educational purposes. Additionally, the expenses claimed by the institute were allowed under Section 57(iii) as they were genuine and incurred for the purpose of running the educational institution, even though the institute was not registered under Section 12A. The revenue's appeal was dismissed, affirming the eligibility for exemption and the allowability of expenses. en-us Fri, 06 Nov 2020 00:00:00 +0530 Sat, 07 Nov 2020 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400554 The Tribunal upheld the CIT(A)'s decision that the educational institute was eligible for exemption under Section 10(23C)(iiiab) of the Income Tax Act as it was substantially financed by the Government and existed solely for educational purposes. Additionally, the expenses claimed by the institute were allowed under Section 57(iii) as they were genuine and incurred for the purpose of running the educational institution, even though the institute was not registered under Section 12A. The revenue's appeal was dismissed, affirming the eligibility for exemption and the allowability of expenses. Case-Laws Income Tax Fri, 06 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400554