https://www.taxtmi.com/caselaws?id=772943 ITAT Cuttack allowed the assessee trust's appeal for statistical purposes regarding disallowance of exemption under section 10(23C)(iiiad). The matter was remitted to AO for de novo assessment after the assessee filed unaudited financial statements that were not previously considered. The tribunal directed AO to grant hearing opportunity, consider evidence of expenditure incurred for educational activities, and tax only excess income over expenditure, consistent with treatment in subsequent assessment years 2017-18 to 2019-20. en-us Thu, 12 Jun 2025 00:00:00 +0530 Mon, 16 Jun 2025 08:38:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772943 ITAT Cuttack allowed the assessee trust's appeal for statistical purposes regarding disallowance of exemption under section 10(23C)(iiiad). The matter was remitted to AO for de novo assessment after the assessee filed unaudited financial statements that were not previously considered. The tribunal directed AO to grant hearing opportunity, consider evidence of expenditure incurred for educational activities, and tax only excess income over expenditure, consistent with treatment in subsequent assessment years 2017-18 to 2019-20. Case-Laws Income Tax Thu, 12 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772943