Your terminology is a bit scrambled here. A custom taxonomy is a taxonomy which you manually register through
register_taxonomy. In your case that is ait-dir-item-category.
Any "category" (as you call it) you create in your custom taxonomy is called a term. In this case events.
To create a custom page for events, you need to name your template taxonomy-$taxonomy-$term.php. Take a look at the Template Hierarchy
OK, why this won't work in your case. Your taxonomy name is all wrong. You should never use any special characters or capital letters in taxonomy or custom post type names. Only use lowercase letters and underscores (
_) in taxonomy names. From the codex:
Name should only contain lowercase letters and the underscore character, and not be more than 32 characters long (database structure restriction).
Lets break down what is happening. Your template name looks like this taxonomy-ait-dir-item-category-events. This is what Wordpress reads when it sees your template:
Wordpress uses a hyphen (
-) to separate names, so that is why it reads your template as above. So because the taxonomy ait doesn't exists, Wordpress will default to use the taxonomy.php template. Also, everything after dir makes no sense and doesn't fall into the hierarchy
You should rename your taxonomy to at least something like ait_dir_item_category and then name your template taxonomy-ait_dir_item_category-events.php