https://www.taxtmi.com/caselaws?id=432474 The Tribunal allowed the appeal, setting aside the Commissioner's order under section 263 of the Income Tax Act for Assessment Year 2015-16. The Tribunal upheld the eligibility for exemption under section 10(23C)(iiiad) for the educational trust, emphasizing compliance with statutory conditions and the institution's philanthropic purposes. The decision focused on the correct interpretation of provisions and the trust's adherence to the requirements for exemption, aligning with the legislative intent of promoting charitable activities. en-us Wed, 04 Jan 2023 00:00:00 +0530 Fri, 06 Jan 2023 09:35:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432474 The Tribunal allowed the appeal, setting aside the Commissioner's order under section 263 of the Income Tax Act for Assessment Year 2015-16. The Tribunal upheld the eligibility for exemption under section 10(23C)(iiiad) for the educational trust, emphasizing compliance with statutory conditions and the institution's philanthropic purposes. The decision focused on the correct interpretation of provisions and the trust's adherence to the requirements for exemption, aligning with the legislative intent of promoting charitable activities. Case-Laws Income Tax Wed, 04 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432474