https://www.taxtmi.com/caselaws?id=432877 The Tribunal partially allowed the Revenue's appeal, criticizing the CIT(A) for insufficiently examining facts and granting exemption based on legal propositions alone. The Tribunal emphasized that donations linked to student admissions do not qualify as corpus funds for exemption under section 10(23C)(iiiab) of the Income Tax Act, 1961. The matter was remanded to the CIT(A) for a thorough review of the case facts in light of legal principles discussed, highlighting the factual nature of determining whether the institution is substantially financed by the Government. en-us Thu, 12 Jan 2023 00:00:00 +0530 Sat, 14 Jan 2023 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432877 The Tribunal partially allowed the Revenue's appeal, criticizing the CIT(A) for insufficiently examining facts and granting exemption based on legal propositions alone. The Tribunal emphasized that donations linked to student admissions do not qualify as corpus funds for exemption under section 10(23C)(iiiab) of the Income Tax Act, 1961. The matter was remanded to the CIT(A) for a thorough review of the case facts in light of legal principles discussed, highlighting the factual nature of determining whether the institution is substantially financed by the Government. Case-Laws Income Tax Thu, 12 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432877