https://www.taxtmi.com/caselaws?id=446088 ITAT Amritsar condoned a delay of 3080 days in filing appeal, accepting the assessee's explanation regarding custody of records and Chairperson's health issues requiring cardiac treatment. The tribunal held that the educational institution's turnover was within limits specified under section 10(23C)(iiiad), making it eligible for deduction under sections 11/12. Despite revenue's contention that advances to trustees violated sections 13(1)(c)(ii) and 13(d)(i), the tribunal followed its own precedent in assessee's favor, quashing the assessment order, deleting additions, and restoring the claimed exemption. en-us Fri, 25 Aug 2023 00:00:00 +0530 Sat, 25 Nov 2023 07:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446088 ITAT Amritsar condoned a delay of 3080 days in filing appeal, accepting the assessee's explanation regarding custody of records and Chairperson's health issues requiring cardiac treatment. The tribunal held that the educational institution's turnover was within limits specified under section 10(23C)(iiiad), making it eligible for deduction under sections 11/12. Despite revenue's contention that advances to trustees violated sections 13(1)(c)(ii) and 13(d)(i), the tribunal followed its own precedent in assessee's favor, quashing the assessment order, deleting additions, and restoring the claimed exemption. Case-Laws Income Tax Fri, 25 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446088