Exemption under s 10(23C)(iiiad)

 The trust is entitled to an exemption under s 10(23C)(iiiad) if it exists solely for educational purposes and not for profit and its activities are covered within the expression “educational activity”, as held by DelHC in CIT v Association of Financial Planners — In favour of: The assessee; ITA Nos 454 and 413 of 2010.

Appeal — Exemption under s 10(23C)(iiiad) — The appellate authority is entitled to decide the assessee’s case for exemption under s 10(23C)(iiiad), even when the exemption was initially sought under s 11, when neither new material was produced nor new case pleaded before the CIT(A).

Decided on: 11 July 2011.