https://www.taxtmi.com/caselaws?id=752965 The ITAT Delhi ruled in favor of a charitable trust registered under section 12A, engaged in education through Fostima Business School. The AO disallowed business support services paid to sister entity FILR under section 13(3), salary expenditure of Rs. 36,60,000 to faculty, and computer expenses of Rs. 20,50,000 to students. The ITAT held that the AO failed to demonstrate how business support expenses were not commensurate with market value, faculty qualifications were adequate for technical roles, commission payments of Rs. 15,05,000 to consultants were justified, and computer expenses were reasonable based on invoices and student lists. The tribunal found the assessment orders illegal and unsustainable. en-us Mon, 20 May 2024 00:00:00 +0530 Tue, 21 May 2024 20:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752965 The ITAT Delhi ruled in favor of a charitable trust registered under section 12A, engaged in education through Fostima Business School. The AO disallowed business support services paid to sister entity FILR under section 13(3), salary expenditure of Rs. 36,60,000 to faculty, and computer expenses of Rs. 20,50,000 to students. The ITAT held that the AO failed to demonstrate how business support expenses were not commensurate with market value, faculty qualifications were adequate for technical roles, commission payments of Rs. 15,05,000 to consultants were justified, and computer expenses were reasonable based on invoices and student lists. The tribunal found the assessment orders illegal and unsustainable. Case-Laws Income Tax Mon, 20 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752965