https://www.taxtmi.com/caselaws?id=305360 The Tribunal confirmed the institute's eligibility for exemption under section 10(23C)(iiiab) of the Income Tax Act. The institute, fully owned and controlled by the government, met the conditions for exemption as it was wholly funded by the government. The Tribunal dismissed the Revenue's appeals, upholding the decision of the CIT(A) based on evidence provided, including a letter from the Principal Secretary of the Government of Punjab confirming the institute's government financing. en-us Wed, 17 Jan 2018 00:00:00 +0530 Thu, 01 Dec 2022 06:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305360 The Tribunal confirmed the institute's eligibility for exemption under section 10(23C)(iiiab) of the Income Tax Act. The institute, fully owned and controlled by the government, met the conditions for exemption as it was wholly funded by the government. The Tribunal dismissed the Revenue's appeals, upholding the decision of the CIT(A) based on evidence provided, including a letter from the Principal Secretary of the Government of Punjab confirming the institute's government financing. Case-Laws Income Tax Wed, 17 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305360