https://www.taxtmi.com/highlights?id=105691 Government-financing eligibility for an educational institution exemption may account for University Grants Commission-distributed Central Government grants and notional interest on Government-granted land, alongside pervasive statutory control by the State Government. Where those components cause Government funding to exceed the prescribed share of total receipts, the institution satisfies the financing condition for exemption. A penalty for under-reporting or misreporting founded solely on denial of that exemption cannot continue once the underlying assessment addition is deleted. en-us Mon, 02 Nov 2026 08:31:40 +0530 Mon, 02 Nov 2026 08:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105691 Government-financing eligibility for an educational institution exemption may account for University Grants Commission-distributed Central Government grants and notional interest on Government-granted land, alongside pervasive statutory control by the State Government. Where those components cause Government funding to exceed the prescribed share of total receipts, the institution satisfies the financing condition for exemption. A penalty for under-reporting or misreporting founded solely on denial of that exemption cannot continue once the underlying assessment addition is deleted. Highlights Income Tax Mon, 02 Nov 2026 08:31:40 +0530 https://www.taxtmi.com/highlights?id=105691