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2015 (10) TMI 1429 - AT - Income TaxEligibility u/s. 10(23C)(iiiac) denied - Held that:- In the case in hand, there is no dispute that the assessee is a wholly/substantially funded by the Government of India/State Govt. of Karnataka. This being the fact of the matter, the assessee is entitled for exemption u/s. 10(23C)(iiiac) of the Act. As no distinguishing facts/decisions have been brought on record by the Revenue, respectfully following the decision of the Coordinate Bench in the case of Raichur District Health & Family Welfare Society (2013 (5) TMI 635 - ITAT BANGALORE) we direct the Assessing Officer to allow the assessee exemption u/s. 10(23C)(iiiac) of the Act. - Decided in favour of assessee.
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