https://www.taxtmi.com/caselaws?id=789197 An educational society running a school was discussed in the context of exemption under section 10(23C) of the Income-tax Act, 1961. Although exemption had been claimed under section 10(23C)(vi), the admitted gross receipts were below the prescribed threshold relevant to section 10(23C)(iiiad). On those figures, the lower-threshold exemption was available, and the rectification addition was not sustainable to that extent. The alternative exemption claim was accordingly accepted, and the assessee obtained relief from the addition made in rectification proceedings. en-us Thu, 02 Apr 2026 00:00:00 +0530 Sat, 04 Apr 2026 08:53:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789197 An educational society running a school was discussed in the context of exemption under section 10(23C) of the Income-tax Act, 1961. Although exemption had been claimed under section 10(23C)(vi), the admitted gross receipts were below the prescribed threshold relevant to section 10(23C)(iiiad). On those figures, the lower-threshold exemption was available, and the rectification addition was not sustainable to that extent. The alternative exemption claim was accordingly accepted, and the assessee obtained relief from the addition made in rectification proceedings. Case-Laws Income Tax Thu, 02 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789197