https://www.taxtmi.com/highlights?id=48393 Exemption u/s 10(23C)(iiiab) - grant from Government is in excess of 50% of its total receipts - scope of explanation inserted by Finance Act, 2014 defining substantially financed by the Gov. - without holding the Explanation to Section 10(23C)(iiiab), inserted into the Act w.e.f. 1st April, 2015, is retrospective, the same is being used as an aid in construing the ambiguous provision - exemption allowable en-us Sat, 03 Aug 2019 06:25:35 +0530 Sat, 03 Aug 2019 06:25:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48393 Exemption u/s 10(23C)(iiiab) - grant from Government is in excess of 50% of its total receipts - scope of explanation inserted by Finance Act, 2014 defining substantially financed by the Gov. - without holding the Explanation to Section 10(23C)(iiiab), inserted into the Act w.e.f. 1st April, 2015, is retrospective, the same is being used as an aid in construing the ambiguous provision - exemption allowable Highlights Income Tax Sat, 03 Aug 2019 06:25:35 +0530 https://www.taxtmi.com/highlights?id=48393