https://www.taxtmi.com/caselaws?id=269767 The court ruled that the educational institutions in question were eligible for tax exemption under Section 10(23C)(iiiab) of the Income Tax Act as they were found to be substantially financed by the Government, meeting the criteria for exemption. The court emphasized that institutions existing solely for educational purposes and substantially financed by the Government are entitled to such exemptions. The judgment provided a detailed analysis of the interpretation and application of the relevant provisions, dismissing appeals raised by the revenue authorities. en-us Thu, 17 Sep 2015 00:00:00 +0530 Fri, 13 May 2016 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269767 The court ruled that the educational institutions in question were eligible for tax exemption under Section 10(23C)(iiiab) of the Income Tax Act as they were found to be substantially financed by the Government, meeting the criteria for exemption. The court emphasized that institutions existing solely for educational purposes and substantially financed by the Government are entitled to such exemptions. The judgment provided a detailed analysis of the interpretation and application of the relevant provisions, dismissing appeals raised by the revenue authorities. Case-Laws Income Tax Thu, 17 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269767