https://www.taxtmi.com/caselaws?id=408550 The ITAT upheld the CIT(A)'s decision to allow the salary, rent, and interest payments to specified persons, finding them reasonable and justified. The ITAT quashed the reassessments for the A.Y. 2010-11 and 2011-12, ruling that the reopening was based on a change of opinion without new tangible material. Additionally, the ITAT upheld the society's eligibility for exemption under Section 11, noting that the surplus was used for educational purposes and the society's activities were charitable in nature. en-us Thu, 27 May 2021 00:00:00 +0530 Mon, 14 Jun 2021 22:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408550 The ITAT upheld the CIT(A)'s decision to allow the salary, rent, and interest payments to specified persons, finding them reasonable and justified. The ITAT quashed the reassessments for the A.Y. 2010-11 and 2011-12, ruling that the reopening was based on a change of opinion without new tangible material. Additionally, the ITAT upheld the society's eligibility for exemption under Section 11, noting that the surplus was used for educational purposes and the society's activities were charitable in nature. Case-Laws Income Tax Thu, 27 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408550