https://www.taxtmi.com/caselaws?id=783320 A cooperative union that merely collected and managed contributions from cooperative education funds was held not entitled to exemption under section 10(23C)(iiiab) because it was not itself an educational institution and was not wholly or substantially financed by the Government. The claim for exemption was therefore rejected. On the separate question of treatment of gross receipts, the specific contention that only a limited administrative retention was permissible and the balance was held and disbursed under directions had not been decided by the first appellate authority. That issue was remitted for de novo adjudication after hearing the assessee. en-us Wed, 10 Dec 2025 00:00:00 +0530 Sat, 13 Dec 2025 08:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783320 A cooperative union that merely collected and managed contributions from cooperative education funds was held not entitled to exemption under section 10(23C)(iiiab) because it was not itself an educational institution and was not wholly or substantially financed by the Government. The claim for exemption was therefore rejected. On the separate question of treatment of gross receipts, the specific contention that only a limited administrative retention was permissible and the balance was held and disbursed under directions had not been decided by the first appellate authority. That issue was remitted for de novo adjudication after hearing the assessee. Case-Laws Income Tax Wed, 10 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783320