https://www.taxtmi.com/caselaws?id=764592 ITAT Guwahati-AT allowed the assessee's appeal regarding denial of exemption under section 10(23C)(iiiad). The tribunal held that educational institutions existing solely for educational purposes do not require registration under section 12A to claim this exemption, unlike charitable institutions under section 11. Since no evidence was presented that the assessee operated for profit, the exemption was granted. The tribunal set aside CIT(A)'s order, allowed the exemption claim, and directed deletion of additions made to the assessee's income regarding bank deposits. en-us Fri, 10 Jan 2025 00:00:00 +0530 Tue, 14 Jan 2025 08:00:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764592 ITAT Guwahati-AT allowed the assessee's appeal regarding denial of exemption under section 10(23C)(iiiad). The tribunal held that educational institutions existing solely for educational purposes do not require registration under section 12A to claim this exemption, unlike charitable institutions under section 11. Since no evidence was presented that the assessee operated for profit, the exemption was granted. The tribunal set aside CIT(A)'s order, allowed the exemption claim, and directed deletion of additions made to the assessee's income regarding bank deposits. Case-Laws Income Tax Fri, 10 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764592