https://www.taxtmi.com/caselaws?id=460121 ITAT Jodhpur allowed the appeal of an educational society seeking exemption under section 10(23C)(iiiab). The tribunal held that the society, being wholly financed by the Central Government and existing solely for educational purposes, qualified for tax exemption. The interest income earned on government grants deposited in nationalized banks was utilized for educational purposes as per the memorandum of association. The tribunal concluded that the society met all conditions under section 10(23C)(iiiab) for exemption from total income. en-us Fri, 16 Sep 2016 00:00:00 +0530 Sat, 11 Jan 2025 21:42:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460121 ITAT Jodhpur allowed the appeal of an educational society seeking exemption under section 10(23C)(iiiab). The tribunal held that the society, being wholly financed by the Central Government and existing solely for educational purposes, qualified for tax exemption. The interest income earned on government grants deposited in nationalized banks was utilized for educational purposes as per the memorandum of association. The tribunal concluded that the society met all conditions under section 10(23C)(iiiab) for exemption from total income. Case-Laws Income Tax Fri, 16 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460121