https://www.taxtmi.com/caselaws?id=764997 The Tribunal held that the appeal filed by the Assessee was maintainable under section 154, as it involved rectification of a processing error rather than a fresh claim. Additionally, the Tribunal determined that the Assessee, a charitable trust engaged in educational activities, was eligible for exemption under section 10(23C)(iiiad) of the Income Tax Act, 1961. The Assessee met the criteria for exemption as its income was below the statutory threshold, and its activities were solely for educational purposes. Consequently, the Tribunal directed the revenue authorities to nullify the demand notice. en-us Tue, 21 Jan 2025 00:00:00 +0530 Thu, 23 Jan 2025 08:39:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764997 The Tribunal held that the appeal filed by the Assessee was maintainable under section 154, as it involved rectification of a processing error rather than a fresh claim. Additionally, the Tribunal determined that the Assessee, a charitable trust engaged in educational activities, was eligible for exemption under section 10(23C)(iiiad) of the Income Tax Act, 1961. The Assessee met the criteria for exemption as its income was below the statutory threshold, and its activities were solely for educational purposes. Consequently, the Tribunal directed the revenue authorities to nullify the demand notice. Case-Laws Income Tax Tue, 21 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764997