https://www.taxtmi.com/caselaws?id=413416 The High Court ruled in favor of the appellant, a registered Society running an educational institution, regarding the denial of exemption under Section 10(23C)(iiiad) of the Income Tax Act. The Court held that the benefit of the exemption is specific to the receipts arising from the educational activity and should not be based on the aggregate income of the entity running the institution. It was determined that donations received by the Society should not be considered as receipts of the educational institution for the purpose of the exemption. The appeal was allowed, and the Court held that there should be no clubbing of receipts for determining eligibility under the said provision. en-us Tue, 05 Oct 2021 00:00:00 +0530 Tue, 01 Nov 2022 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413416 The High Court ruled in favor of the appellant, a registered Society running an educational institution, regarding the denial of exemption under Section 10(23C)(iiiad) of the Income Tax Act. The Court held that the benefit of the exemption is specific to the receipts arising from the educational activity and should not be based on the aggregate income of the entity running the institution. It was determined that donations received by the Society should not be considered as receipts of the educational institution for the purpose of the exemption. The appeal was allowed, and the Court held that there should be no clubbing of receipts for determining eligibility under the said provision. Case-Laws Income Tax Tue, 05 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413416