https://www.taxtmi.com/caselaws?id=415775 Exemption under section 10(23C)(iiiac) depends on whether the institution is wholly or substantially financed by the Government. The threshold is determined under the relevant Explanation and Rule 2BBB, and interest earned on grant funds may be included in the financing computation. The analysis also treats Government support as broader than recurring grants alone, extending to land, infrastructure, construction, machinery, and related institutional funding. On that basis, the funding pattern described, including interest, is said to satisfy the prescribed percentage for substantial Government financing and to support exemption eligibility. en-us Tue, 16 Nov 2021 00:00:00 +0530 Tue, 14 Dec 2021 08:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415775 Exemption under section 10(23C)(iiiac) depends on whether the institution is wholly or substantially financed by the Government. The threshold is determined under the relevant Explanation and Rule 2BBB, and interest earned on grant funds may be included in the financing computation. The analysis also treats Government support as broader than recurring grants alone, extending to land, infrastructure, construction, machinery, and related institutional funding. On that basis, the funding pattern described, including interest, is said to satisfy the prescribed percentage for substantial Government financing and to support exemption eligibility. Case-Laws Income Tax Tue, 16 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415775