Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Government grant threshold determines when educational and medical institutions are substantially financed for income tax purposes. For the purposes of clause (23C) of section 10, a university, educational institution, hospital or other institution is treated as substantially financed by the Government for a previous year if the Government grant for that year exceeds fifty per cent of total receipts, including voluntary contributions. The test applies to the institutions referred to in sub-clauses (iiiab) and (iiiac), and depends on the proportion of Government grant to total receipts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Government grant threshold determines when educational and medical institutions are substantially financed for income tax purposes.
For the purposes of clause (23C) of section 10, a university, educational institution, hospital or other institution is treated as substantially financed by the Government for a previous year if the Government grant for that year exceeds fifty per cent of total receipts, including voluntary contributions. The test applies to the institutions referred to in sub-clauses (iiiab) and (iiiac), and depends on the proportion of Government grant to total receipts.
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