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2014 (2) TMI 307 - AT - Income TaxEligibility for exemption u/s 11 - Held that:- Relying upon the decision in ACIT(Exemptions) vs. Raisatani Siksha Samiti [2008 (3) TMI 501 - ITAT HYDERABAD ]- Merely because s. 10(23C) provides for exemption of the income of an educational institution, it does not follow that such institution cannot avail exemption under s. 11/12 subject to conditions being fulfilled - When the assessee duly granted registration u/s 12A of the IT Act and claimed exemption u/s 11 of the Act, the Assessing Officer cannot deny exemption on the reason that the assessee's case is covered u/s 10(23C) of the IT Act - In the present case, assessee is having registration u/s 12A of the Act, therefore, claim of exemption u/s 11 is to be granted - The order of the CIT(A) is confirmed - Decided against Revenue.
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