Karnataka High Court: Grants over 34.33% of total receipts are substantial, qualifying for tax exemption under Sec 10(23C)(iiiab). https://www.taxtmi.com/highlights?id=13993 Exemption u/s 10(23C)(iiiad) - substantial govt aid - the percentage of grants in aid with respect to total receipts are more than 34.33% considered by the Hon'ble Karnataka High Court to be substantial [2011 (2) TMI 1235 - Karnataka High Court]. - assessee eligible for exemption u/s 10(23C)(iiiab) - AT en-us Wed, 21 Aug 2013 08:49:42 +0530 Wed, 21 Aug 2013 08:49:42 +0530 TaxTMI RSS Generator Karnataka High Court: Grants over 34.33% of total receipts are substantial, qualifying for tax exemption under Sec 10(23C)(iiiab). https://www.taxtmi.com/highlights?id=13993 Exemption u/s 10(23C)(iiiad) - substantial govt aid - the percentage of grants in aid with respect to total receipts are more than 34.33% considered by the Hon'ble Karnataka High Court to be substantial [2011 (2) TMI 1235 - Karnataka High Court]. - assessee eligible for exemption u/s 10(23C)(iiiab) - AT Highlights Income Tax Wed, 21 Aug 2013 08:49:42 +0530 https://www.taxtmi.com/highlights?id=13993