https://www.taxtmi.com/caselaws?id=472051 Section 10(23C)(iiiad) exemption for an educational institution was not conditional, for assessment year 2017-18, on filing a timely return. Section 139(4C)(e) imposed a return-filing obligation but did not deny the exemption, and a belated return filed in response to a section 142(1) notice remained valid; the filing-linked restriction applied only from 1 April 2023. Cash deposited in specified bank notes during demonetisation was not unexplained money under section 69A where student-fee collections were supported by relevant fee receipts and no contrary material existed. The business-income and unexplained-money additions were deleted. en-us Wed, 16 Apr 2025 00:00:00 +0530 Mon, 28 Sep 2026 20:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472051 Section 10(23C)(iiiad) exemption for an educational institution was not conditional, for assessment year 2017-18, on filing a timely return. Section 139(4C)(e) imposed a return-filing obligation but did not deny the exemption, and a belated return filed in response to a section 142(1) notice remained valid; the filing-linked restriction applied only from 1 April 2023. Cash deposited in specified bank notes during demonetisation was not unexplained money under section 69A where student-fee collections were supported by relevant fee receipts and no contrary material existed. The business-income and unexplained-money additions were deleted. Case-Laws Income Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472051