https://www.taxtmi.com/caselaws?id=446652 ITAT Rajkot dismissed the assessee's appeal against CIT's revision order u/s 263. The trust claimed exemption u/s 10(23C)(vi) for a School of Science added to the trust in 2014, despite the approval being granted in 2012 for specific institutes. ITAT held that approval granted to existing institutes cannot automatically extend to new institutes added subsequently. The trust needed to apply afresh for approval for the new institute. The assessment order was correctly found erroneous and prejudicial to revenue. en-us Mon, 04 Dec 2023 00:00:00 +0530 Thu, 07 Dec 2023 09:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446652 ITAT Rajkot dismissed the assessee's appeal against CIT's revision order u/s 263. The trust claimed exemption u/s 10(23C)(vi) for a School of Science added to the trust in 2014, despite the approval being granted in 2012 for specific institutes. ITAT held that approval granted to existing institutes cannot automatically extend to new institutes added subsequently. The trust needed to apply afresh for approval for the new institute. The assessment order was correctly found erroneous and prejudicial to revenue. Case-Laws Income Tax Mon, 04 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446652