https://www.taxtmi.com/caselaws?id=767131 ITAT Chennai-AT allowed the appeal, reversing the denial of exemption under section 10(23C)(iiiad). The assessee society operated a nursery and primary school in the same building with shared staff and bank account. AO and CIT(A) denied exemption, treating combined receipts as single entity revenue. ITAT held that since each school's annual income was below Rs. 1 crore and the society existed solely for educational purposes, exemption was applicable. The tribunal found lower authorities erred in confirming exemption denial and set aside CIT(A)'s order. en-us Fri, 14 Feb 2025 00:00:00 +0530 Tue, 11 Mar 2025 08:33:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767131 ITAT Chennai-AT allowed the appeal, reversing the denial of exemption under section 10(23C)(iiiad). The assessee society operated a nursery and primary school in the same building with shared staff and bank account. AO and CIT(A) denied exemption, treating combined receipts as single entity revenue. ITAT held that since each school's annual income was below Rs. 1 crore and the society existed solely for educational purposes, exemption was applicable. The tribunal found lower authorities erred in confirming exemption denial and set aside CIT(A)'s order. Case-Laws Income Tax Fri, 14 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767131