https://www.taxtmi.com/caselaws?id=464275 ITAT KOLKATA allowed the assesee's appeal, holding that dividend and interest arise from sources other than educational activities and therefore do not form part of "annual receipts" for s.10(23C)(iiiad). Because the institution's receipts from educational activities were under Rs.1 crore, the entity qualified for exemption and its entire income was held exempt. The tribunal set aside the CIT(A)'s contrary finding, directed the AO to delete the disallowance, and allowed the appeal. en-us Tue, 25 Jul 2023 00:00:00 +0530 Wed, 15 Oct 2025 20:49:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464275 ITAT KOLKATA allowed the assesee's appeal, holding that dividend and interest arise from sources other than educational activities and therefore do not form part of "annual receipts" for s.10(23C)(iiiad). Because the institution's receipts from educational activities were under Rs.1 crore, the entity qualified for exemption and its entire income was held exempt. The tribunal set aside the CIT(A)'s contrary finding, directed the AO to delete the disallowance, and allowed the appeal. Case-Laws Income Tax Tue, 25 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464275