https://www.taxtmi.com/caselaws?id=434341 The Tribunal upheld the CIT(A)'s decision to grant the benefit of Section 11 to the trust, deleting the disallowance of Rs. 2,72,79,769 under Section 11. The appeal by the Revenue was dismissed as the Tribunal found that the hostel and transport activities were incidental to educational objectives and did not necessitate separate books of accounts under Section 11(4A). The Tribunal emphasized the non-conclusiveness of the AO's findings on non-utilization of receipts for the trust's objects, relying on previous ITAT decisions. en-us Tue, 21 Feb 2023 00:00:00 +0530 Wed, 22 Feb 2023 08:51:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434341 The Tribunal upheld the CIT(A)'s decision to grant the benefit of Section 11 to the trust, deleting the disallowance of Rs. 2,72,79,769 under Section 11. The appeal by the Revenue was dismissed as the Tribunal found that the hostel and transport activities were incidental to educational objectives and did not necessitate separate books of accounts under Section 11(4A). The Tribunal emphasized the non-conclusiveness of the AO's findings on non-utilization of receipts for the trust's objects, relying on previous ITAT decisions. Case-Laws Income Tax Tue, 21 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434341