Assessee was a charitable educational institution. It filed its return of income showing gross total income at Rs. 5.98 crores and claiming expenditure of Rs. 7.27 crores as an amount applied to charitable purposes. Thus, net income was claimed as a loss of Rs. 1.28 crores. Assessee also claimed that its income would any way be exempt under section 10(23C)(iiiab). The Assessing Officer  denied exemption under section 10(23C) on ground that assessee was not registered under section 12A/12AA and its income was brought to tax under head income from other sources.   However while computing income, Assessing Officer did not allow above said expenditure claimed by assessee.  CIT (A) allowed the Claim of the assessee. On appeal by revenue  the Tribunal held that even if revenue brought to tax receipts during year as income from other sources, it was not justified in denying benefit of genuine claim of incidental expenditure under section 57(iii) being expenditure (not been in nature of capital expenditure) laid out by assessee institution wholly or exclusively for purpose of making or earning such income, accordingly  expenditure was to be allowed under section 57(iii) of the Act.  (AY. 2014-15)