https://www.taxtmi.com/caselaws?id=297306 An assessee running a school claimed exemption under section 11 despite not being registered under section 12AA. The record indicated that its gross receipts were below the threshold for exemption under section 10(23C)(iiid), yet the assessment taxed the gross receipts without accounting for the resulting loss or the basic exemption limit. The matter was remitted to the Assessing Officer to examine eligibility under section 10(23C)(iiid) and pass a fresh order in accordance with law. en-us Fri, 08 Mar 2019 00:00:00 +0530 Thu, 26 Aug 2021 21:35:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297306 An assessee running a school claimed exemption under section 11 despite not being registered under section 12AA. The record indicated that its gross receipts were below the threshold for exemption under section 10(23C)(iiid), yet the assessment taxed the gross receipts without accounting for the resulting loss or the basic exemption limit. The matter was remitted to the Assessing Officer to examine eligibility under section 10(23C)(iiid) and pass a fresh order in accordance with law. Case-Laws Income Tax Fri, 08 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297306