{"id":9765,"date":"2020-02-11T05:31:30","date_gmt":"2020-02-11T05:31:30","guid":{"rendered":"http:\/\/itatonline.org\/digest\/indian-institute-of-banking-finance-v-cit-2019-178-itd-833-mum-trib\/"},"modified":"2020-05-29T14:29:14","modified_gmt":"2020-05-29T14:29:14","slug":"indian-institute-of-banking-finance-v-cit-2019-178-itd-833-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/indian-institute-of-banking-finance-v-cit-2019-178-itd-833-mum-trib\/","title":{"rendered":"Indian Institute of Banking &#038; Finance v. CIT (2019) 178 ITD 833\/( 2020) 186 DTR 108\/ 203 TTJ 820  (Mum.)(Trib.)"},"content":{"rendered":"<p>Assessee filed its return claiming exemption under S.\u00a0 10(23C)(vi) of the Act. AO rejected assessee&#8217;s claim primarily on ground that assessee could not be considered to be an educational institution as it did not provide any formal education as was provided in schools, colleges, etc. CIT (A) upheld order passed by AO. On appeal it\u00a0 held that that assessee&#8217;s claim was rejected without giving it any sufficient opportunity to furnish all documentary evidences and material to demonstrate that it had imparted training\/education in respect of courses offered. Accordingly\u00a0 the order was to be set aside and assessee&#8217;s application seeking approval under S.\u00a0 10(23C)(vi) was to be restored back to file of CIT(E) for de novo adjudication. (AY. 2016 -17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10(23C) : Educational institution-Non-disposal of assessee&#8217;s application within prescribed time period of twelve months, would not result in deemed approval under said section. [S. 10(23C)(vi),  254)(1)]  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9765","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2xv","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=9765"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9765\/revisions"}],"predecessor-version":[{"id":11659,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9765\/revisions\/11659"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}