No Material on Record to Prove Earlier Rejection of Income Tax Exemption Registration: ITAT remands Matter to CIT(E) [Read Order]

The key issue surrounded the exemptability of the income generated by the Appellant University from Taxation under Section 10(23C) of the Income Tax Act, 1961
By Avinash Kurungot - On October 15, 2024 4:52 pm - 2 mins read
ITAT - ITAT Visakapatanam - Income Tax - Income Tax Exemption - Commissioner of Income Tax - Rejection of Income Tax Exemption - taxscan

The Income Tax Appellate Tribunal ( ITAT ), Visakhapatnam recently remanded a matter to the Commissioner of Income Tax (Exemptions) ( CIT(E) ) citing the dearth of material on record to prove prior rejection of Income Tax Exemption Registration. An Appeal was filed by Acharya Nagarjuna University, an educational institution established in 1976 which underwent…

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