https://www.taxtmi.com/caselaws?id=259345 The High Court dismissed the Revenue's appeal and granted relief to the assessee in a case concerning eligibility for benefits under sections 10(23C)(iiiab) and 11 of the Income-tax Act, 1961. The Court upheld the assessee's qualification for exemption under section 10(23C)(iiiab) based on the substantial government financing of educational activities. As the assessee met the requirements of section 10(23C)(iiiab), the Court deemed it unnecessary to address the issue of eligibility for benefits under section 11. The Court dismissed the appeals, with each party bearing its costs, leaving open the question of the applicability of exemption under section 11 in future assessments. en-us Fri, 16 Jan 2015 00:00:00 +0530 Fri, 08 May 2015 08:13:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259345 The High Court dismissed the Revenue's appeal and granted relief to the assessee in a case concerning eligibility for benefits under sections 10(23C)(iiiab) and 11 of the Income-tax Act, 1961. The Court upheld the assessee's qualification for exemption under section 10(23C)(iiiab) based on the substantial government financing of educational activities. As the assessee met the requirements of section 10(23C)(iiiab), the Court deemed it unnecessary to address the issue of eligibility for benefits under section 11. The Court dismissed the appeals, with each party bearing its costs, leaving open the question of the applicability of exemption under section 11 in future assessments. Case-Laws Income Tax Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259345