https://www.taxtmi.com/caselaws?id=758101 ITAT Hyderabad remanded the matter back to AO for fresh examination regarding denial of exemption under section 11. The assessee society had previously received deduction under section 10(23C)(vi) for assessment years 2009-10 to 2013-14 and 2016-17. AO denied exemption alleging profit-making from publication business and recovery of advances from sister concerns. Tribunal cited New Noble Educational Society SC judgment holding that incidental surpluses from educational activities should not disqualify exemption if profits are not disproportionate to main charitable activities. AO directed to re-examine whether activities are commercial or educational in nature after providing hearing opportunity to assessee. en-us Tue, 30 Jul 2024 00:00:00 +0530 Sat, 07 Sep 2024 08:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758101 ITAT Hyderabad remanded the matter back to AO for fresh examination regarding denial of exemption under section 11. The assessee society had previously received deduction under section 10(23C)(vi) for assessment years 2009-10 to 2013-14 and 2016-17. AO denied exemption alleging profit-making from publication business and recovery of advances from sister concerns. Tribunal cited New Noble Educational Society SC judgment holding that incidental surpluses from educational activities should not disqualify exemption if profits are not disproportionate to main charitable activities. AO directed to re-examine whether activities are commercial or educational in nature after providing hearing opportunity to assessee. Case-Laws Income Tax Tue, 30 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758101