https://www.taxtmi.com/caselaws?id=239246 The Tribunal upheld the decision of the Ld. CIT(A) to reject the claim of exemption under section 10(23C)(iiiab) of the Income Tax Act for the appellant. The appeal was dismissed as the appellant failed to meet the conditions required under the relevant section, specifically regarding the educational institution's purpose and financing sources. The income generated from book sales and registration fees, along with the transfer of funds to the government, indicated a profit motive and lack of substantial government financing, leading to the denial of the exemption claim. en-us Fri, 13 Sep 2013 00:00:00 +0530 Sat, 09 Nov 2013 09:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239246 The Tribunal upheld the decision of the Ld. CIT(A) to reject the claim of exemption under section 10(23C)(iiiab) of the Income Tax Act for the appellant. The appeal was dismissed as the appellant failed to meet the conditions required under the relevant section, specifically regarding the educational institution's purpose and financing sources. The income generated from book sales and registration fees, along with the transfer of funds to the government, indicated a profit motive and lack of substantial government financing, leading to the denial of the exemption claim. Case-Laws Income Tax Fri, 13 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239246