https://www.taxtmi.com/caselaws?id=440419 Interest earned on a government grant was treated as part of the grant-in-aid computation when assessing whether a hospital was wholly or substantially financed by the Government under section 10(23C)(iiiac) read with Rule 2BBB. The court accepted that the linked interest formed part of the grant arrangement and, if not adjusted, was liable to be returned to the Government under the financial rules. On that basis, the grant exceeded the prescribed 50 per cent threshold of total receipts, so the exemption test was satisfied. The court also noted that no substantial question of law arose on the facts found by the Tribunal. en-us Tue, 11 Jul 2023 00:00:00 +0530 Tue, 18 Nov 2025 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440419 Interest earned on a government grant was treated as part of the grant-in-aid computation when assessing whether a hospital was wholly or substantially financed by the Government under section 10(23C)(iiiac) read with Rule 2BBB. The court accepted that the linked interest formed part of the grant arrangement and, if not adjusted, was liable to be returned to the Government under the financial rules. On that basis, the grant exceeded the prescribed 50 per cent threshold of total receipts, so the exemption test was satisfied. The court also noted that no substantial question of law arose on the facts found by the Tribunal. Case-Laws Income Tax Tue, 11 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440419