https://www.taxtmi.com/caselaws?id=440231 The Tribunal allowed the appeal of the assessee society, setting aside the order of the CIT(Exemption) withdrawing registration under Section 10(23C)(vi) of the Act. The Tribunal determined that the sub-leasing of Nazul land was legal as permitted by the lease deed and did not violate any laws. It also found that the sub-leasing for commercial purposes aligned with the society's objectives of raising funds for educational activities. Additionally, the Tribunal concluded that there was no failure to account for rental income or suppression of interest income, and no evidence of fraud or misrepresentation in obtaining approval under Section 10(23C)(vi). en-us Mon, 10 Jul 2023 00:00:00 +0530 Thu, 13 Jul 2023 07:42:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440231 The Tribunal allowed the appeal of the assessee society, setting aside the order of the CIT(Exemption) withdrawing registration under Section 10(23C)(vi) of the Act. The Tribunal determined that the sub-leasing of Nazul land was legal as permitted by the lease deed and did not violate any laws. It also found that the sub-leasing for commercial purposes aligned with the society's objectives of raising funds for educational activities. Additionally, the Tribunal concluded that there was no failure to account for rental income or suppression of interest income, and no evidence of fraud or misrepresentation in obtaining approval under Section 10(23C)(vi). Case-Laws Income Tax Mon, 10 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440231