ITAT dismisses CIT(E) Appeal on Mahindra International School’s Tax Exemption due to Non-Compliance with Prescribed Authority Approval u/s 143(3) [Read Order]

Considering that the CIT(E) did not follow the prescribed requirements under Section 143(3) while disallowing the exemption, ITAT rules in favor of the assessee
By Kavi Priya - On September 18, 2024 3:54 pm - 2 mins read
ITAT - ITAT Pune - Income Tax Appellate Tribunal - CIT(E) - CIT(E) Appeal - Mahindra International School - Tax Exemption - Section 143(3) of the Income Tax Act - taxscan

The Pune Bench of Income Tax Appellate Tribunal dismissed the revenue appeal on Educational Institution’s Tax Exemption due to non-compliance with the requirements prescribed under Section 143(3) of the Income Tax Act, 1961. The Commissioner of Income Tax (Exemption) filed an appeal challenging the tax-exempt status granted to Mahindra International School Academy (assessee) under Section…

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