ITAT rejected assessee society's claim for exemption under ...

Society's Educational Institution Exemption Claims Under 10(23C)(iiiad) and 10A/10AA Denied Due to Insufficient Evidence and Late Filing

February 5, 2025

Case Laws Income Tax AT

ITAT rejected assessee society's claim for exemption under sections 10A/10AA due to lack of documentary evidence supporting reduced gross total income. Additional ground claiming educational institution exemption under 10(23C)(iiiad) was dismissed on two grounds: insufficient facts to establish non-profit educational purpose, and belated filing of original return beyond stipulated time under section 139(4C)(c). Following Goetze (India) Ltd. precedent, ITAT upheld lower authorities' assessment of Rs. 14,32,822/- as gross income originally declared by assessee. Though Goetze allows claims before ITAT, assessee failed to substantiate eligibility for 10A/10AA exemption. Appeal dismissed against assessee.

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ITAT rejected assessee society's claim for exemption under ...

Society's Educational Institution Exemption Claims Under 10(23C)(iiiad) and 10A/10AA Denied Due to Insufficient Evidence and Late Filing

February 5, 2025

Case Laws Income Tax AT

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