https://www.taxtmi.com/caselaws?id=801568 Exemption under section 10(23C)(iiiad) cannot be rejected merely because section 11 was selected in the return or Form 10BB was not furnished, where the educational activity and receipts are already disclosed and the audit-report requirement does not apply. Pre-primary, primary and secondary sections within one statutorily recognised school constitute a single educational institution; their receipts must be aggregated, making the exemption unavailable where the prescribed threshold is exceeded. Denial of exemption requires taxable income to be computed under normal provisions after admissible revenue expenditure, depreciation and statutory allowances, while application of income and capital expenditure are not automatically deductible. en-us Wed, 23 Sep 2026 00:00:00 +0530 Fri, 23 Oct 2026 08:37:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801568 Exemption under section 10(23C)(iiiad) cannot be rejected merely because section 11 was selected in the return or Form 10BB was not furnished, where the educational activity and receipts are already disclosed and the audit-report requirement does not apply. Pre-primary, primary and secondary sections within one statutorily recognised school constitute a single educational institution; their receipts must be aggregated, making the exemption unavailable where the prescribed threshold is exceeded. Denial of exemption requires taxable income to be computed under normal provisions after admissible revenue expenditure, depreciation and statutory allowances, while application of income and capital expenditure are not automatically deductible. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801568