https://www.taxtmi.com/caselaws?id=169515 The High Court upheld the decision that the educational institution was entitled to exemption under section 10(23C)(iiiab) of the Income-tax Act. The Court found that the Central Government's grant of 37.85% of the total income constituted substantial financing, making the assessee eligible for the exemption. The Court dismissed the Revenue's appeal, stating that no substantial question of law arose for consideration. en-us Tue, 24 Aug 2010 00:00:00 +0530 Fri, 24 Apr 2015 16:46:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169515 The High Court upheld the decision that the educational institution was entitled to exemption under section 10(23C)(iiiab) of the Income-tax Act. The Court found that the Central Government's grant of 37.85% of the total income constituted substantial financing, making the assessee eligible for the exemption. The Court dismissed the Revenue's appeal, stating that no substantial question of law arose for consideration. Case-Laws Income Tax Tue, 24 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169515