https://www.taxtmi.com/caselaws?id=445973 The Tribunal allowed the appeal of a charitable trust running a school, quashing the intimation u/s. 143(1) that denied exemption u/s. 12A for the assessment year 2014-2015. The CIT(A) had accepted the alternate deduction claim when income was assessed as an AOP. The Tribunal found the Assessing Officer's adjustments impermissible and emphasized granting the deduction u/s. 10(23C)(iiiad), as the trust's receipts were below Rs. 1 crore. The decision underscored the AO's duty to grant lawful benefits to the assessee. en-us Tue, 21 Nov 2023 00:00:00 +0530 Thu, 23 Nov 2023 07:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445973 The Tribunal allowed the appeal of a charitable trust running a school, quashing the intimation u/s. 143(1) that denied exemption u/s. 12A for the assessment year 2014-2015. The CIT(A) had accepted the alternate deduction claim when income was assessed as an AOP. The Tribunal found the Assessing Officer's adjustments impermissible and emphasized granting the deduction u/s. 10(23C)(iiiad), as the trust's receipts were below Rs. 1 crore. The decision underscored the AO's duty to grant lawful benefits to the assessee. Case-Laws Income Tax Tue, 21 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445973