https://www.taxtmi.com/caselaws?id=178871 The Tribunal upheld the CIT(A)'s decision that the assessee was entitled to exemption under section 10(23C)(iiiab) of the Income Tax Act, as the institution was found to be substantially financed by the Government, meeting the criteria of the provision. The Tribunal emphasized that a considerable amount of financing by the Government would suffice, referencing previous legal interpretations and analogies with other provisions. The appeals filed by the revenue were dismissed. en-us Tue, 04 Aug 2009 00:00:00 +0530 Mon, 15 Feb 2016 14:29:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178871 The Tribunal upheld the CIT(A)'s decision that the assessee was entitled to exemption under section 10(23C)(iiiab) of the Income Tax Act, as the institution was found to be substantially financed by the Government, meeting the criteria of the provision. The Tribunal emphasized that a considerable amount of financing by the Government would suffice, referencing previous legal interpretations and analogies with other provisions. The appeals filed by the revenue were dismissed. Case-Laws Income Tax Tue, 04 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178871