https://www.taxtmi.com/caselaws?id=330358 The court ruled in favor of the appellant, holding that specific grants and donations should be excluded from total receipts for calculating exemption under Section 10(23C)(iiiad). The court also found the appellant eligible for exemption under Section 10(23C)(iiiab) due to substantial government financing. By excluding certain funds, the total receipts fell below the cap of Rs. 1 Crore, leading to the appellant's eligibility for exemption under both relevant sections of the Income Tax Act. The revenue's appeal was dismissed. en-us Wed, 20 Jul 2016 00:00:00 +0530 Sat, 23 Jul 2016 20:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330358 The court ruled in favor of the appellant, holding that specific grants and donations should be excluded from total receipts for calculating exemption under Section 10(23C)(iiiad). The court also found the appellant eligible for exemption under Section 10(23C)(iiiab) due to substantial government financing. By excluding certain funds, the total receipts fell below the cap of Rs. 1 Crore, leading to the appellant's eligibility for exemption under both relevant sections of the Income Tax Act. The revenue's appeal was dismissed. Case-Laws Income Tax Wed, 20 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330358