https://www.taxtmi.com/caselaws?id=767201 The ITAT PUNE ruled in favor of the assessee regarding disallowance of exemption under Section 10(23C)(vi). The AO had disallowed the claim citing non-compliance with conditions prescribed by Chief Commissioner, particularly regarding merit-based admission open to public without protectionism. The assessee argued lack of proper opportunity and absence of show-cause notice. The tribunal found no merit in Revenue's technical objection under Rule 27 of Appellate Tribunal Rules, 1963, noting non-compliance with Section 143(3) requirements by the AO. The tribunal accepted assessee's legal arguments and rejected Revenue's appeal. en-us Wed, 11 Sep 2024 00:00:00 +0530 Tue, 20 May 2025 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767201 The ITAT PUNE ruled in favor of the assessee regarding disallowance of exemption under Section 10(23C)(vi). The AO had disallowed the claim citing non-compliance with conditions prescribed by Chief Commissioner, particularly regarding merit-based admission open to public without protectionism. The assessee argued lack of proper opportunity and absence of show-cause notice. The tribunal found no merit in Revenue's technical objection under Rule 27 of Appellate Tribunal Rules, 1963, noting non-compliance with Section 143(3) requirements by the AO. The tribunal accepted assessee's legal arguments and rejected Revenue's appeal. Case-Laws Income Tax Wed, 11 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767201