https://www.taxtmi.com/caselaws?id=460122 An educational institution may qualify for exemption under section 10(23C)(iiiab) where it exists solely for educational purposes, is not run for private benefit, and is controlled by a government-appointed Board. Substantial government financing can be established by taking the overall support received over time into account, including land, infrastructure and grants from the State Government and the University Grants Commission. On those facts, the institution was treated as wholly or substantially financed by Government and entitled to the exemption. en-us Fri, 18 Jul 2014 00:00:00 +0530 Sat, 11 Jan 2025 21:42:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460122 An educational institution may qualify for exemption under section 10(23C)(iiiab) where it exists solely for educational purposes, is not run for private benefit, and is controlled by a government-appointed Board. Substantial government financing can be established by taking the overall support received over time into account, including land, infrastructure and grants from the State Government and the University Grants Commission. On those facts, the institution was treated as wholly or substantially financed by Government and entitled to the exemption. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460122