https://www.taxtmi.com/caselaws?id=234050 The Tribunal allowed the assessee's appeals for the assessment years 2008-09 and 2009-10, recognizing automatic exemption under section 10(23C)(iiiac) for entities substantially funded by the government. The decision clarified that 'programme advance' should not be treated as income under sections 11, 12, and 13 of the Act, emphasizing the assessee's entitlement to exemption as a government-sponsored entity. The unspent grants were not considered as income, affirming the Tribunal's understanding that such advances do not fall under the Act's provisions. en-us Fri, 17 May 2013 00:00:00 +0530 Sat, 02 Nov 2013 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234050 The Tribunal allowed the assessee's appeals for the assessment years 2008-09 and 2009-10, recognizing automatic exemption under section 10(23C)(iiiac) for entities substantially funded by the government. The decision clarified that 'programme advance' should not be treated as income under sections 11, 12, and 13 of the Act, emphasizing the assessee's entitlement to exemption as a government-sponsored entity. The unspent grants were not considered as income, affirming the Tribunal's understanding that such advances do not fall under the Act's provisions. Case-Laws Income Tax Fri, 17 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234050