https://www.taxtmi.com/caselaws?id=213479 The University claimed exemption under Section 10(23C)(iiiab) of the Income Tax Act, which was initially rejected by the Assessing Officer and CIT(A). However, the Tribunal ruled in favor of the University, determining that it was substantially financed by the Government and existed primarily for educational purposes. The Tribunal considered government grants and land contributions as part of substantial funding, overturning the lower authorities' decisions. As a result, the University's income for the relevant assessment years was deemed exempt, and the Tribunal allowed the appeals, reversing the earlier decisions. en-us Tue, 29 Nov 2011 00:00:00 +0530 Fri, 05 Jun 2026 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213479 The University claimed exemption under Section 10(23C)(iiiab) of the Income Tax Act, which was initially rejected by the Assessing Officer and CIT(A). However, the Tribunal ruled in favor of the University, determining that it was substantially financed by the Government and existed primarily for educational purposes. The Tribunal considered government grants and land contributions as part of substantial funding, overturning the lower authorities' decisions. As a result, the University's income for the relevant assessment years was deemed exempt, and the Tribunal allowed the appeals, reversing the earlier decisions. Case-Laws Income Tax Tue, 29 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213479