https://www.taxtmi.com/caselaws?id=423155 The court allowed the appeal, setting aside the orders of the Income Tax Appellate Tribunal and the Commissioner of Income Tax (Appeals), Shimla. It held that the grant-in-aid received was not considered income under Section 2(24)(iia) of the Income Tax Act. The court decided in favor of the assessee, rendering the issues of exemption under Section 10(23C)(iiiab) and benefits under Sections 11, 12, and 13 redundant. No costs were awarded, and pending applications were disposed of. en-us Wed, 25 May 2022 00:00:00 +0530 Fri, 11 Aug 2023 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423155 The court allowed the appeal, setting aside the orders of the Income Tax Appellate Tribunal and the Commissioner of Income Tax (Appeals), Shimla. It held that the grant-in-aid received was not considered income under Section 2(24)(iia) of the Income Tax Act. The court decided in favor of the assessee, rendering the issues of exemption under Section 10(23C)(iiiab) and benefits under Sections 11, 12, and 13 redundant. No costs were awarded, and pending applications were disposed of. Case-Laws Income Tax Wed, 25 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423155