ITA No.494/PUN/2024

Parties Involved

Facts Summary

The assessee, an educational society receiving more than 50% grant from the Government, filed an income tax return on 23.07.2019 declaring Rs. Nil income after claiming exemption under section 11 of the IT Act. The CPC denied the exemption on the ground that the details of registration under section 12A were not provided. The assessee filed an appeal against this order, which was partly allowed by the Addl./JCIT(A)-5, Chennai, who allowed the alternate claim of exemption under section 10(23C)(iiiab). The Revenue appealed against this order, and the assessee filed a cross objection. The Tribunal allowed the cross objection and dismissed the Revenue's appeal.…

Legal Issues

• 1. Whether the assessee is eligible for exemption under section 11 of the IT Act?
• 2. Whether the assessee is eligible for exemption under section 10(23C)(iiiab) of the IT Act?

Judgment Outcome

Decided in favour of Partly Assessee / Partly Revenue.

Precedents Relied Upon

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