2023 (5) TMI 633 - AT - Income Tax

Exemption u/s.10(23C)(iiiab) - government grants are around 68% for the year under consideration - HELD THAT:- Since assessee is substantially financed and it is an educational institution, the assessee is eligible for exemption u/s.10(23C)(iiiab). Therefore, we allow the appeal of the assessee.