https://www.taxtmi.com/caselaws?id=414103 The Tribunal upheld the Ld.CIT(A)'s decision in all three inter-connected grounds raised by the Revenue, dismissing the appeal. The additions for provisions for gratuity and prior period expenses were deleted, as the institution existed solely for educational purposes. Exemptions under sections 11 & 12 were allowed despite the late submission of Form 10B, as registration under section 10(23C) was in place. The Tribunal affirmed the allowance of exemptions and deletion of additions based on the educational institution's non-profit nature and compliance with relevant provisions. en-us Wed, 27 Oct 2021 00:00:00 +0530 Thu, 28 Oct 2021 08:41:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414103 The Tribunal upheld the Ld.CIT(A)'s decision in all three inter-connected grounds raised by the Revenue, dismissing the appeal. The additions for provisions for gratuity and prior period expenses were deleted, as the institution existed solely for educational purposes. Exemptions under sections 11 & 12 were allowed despite the late submission of Form 10B, as registration under section 10(23C) was in place. The Tribunal affirmed the allowance of exemptions and deletion of additions based on the educational institution's non-profit nature and compliance with relevant provisions. Case-Laws Income Tax Wed, 27 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414103