Karnataka High Court: Grants over 34.33% of total receipts are substantial, qualifying for tax exemption under Sec 10(23C)(iiiab).

Exemption u/s 10(23C)(iiiad) - substantial govt aid - the percentage of grants in aid with respect to total receipts are more than 34.33% considered by the Hon'ble Karnataka High Court to be substantial [2011 (2) TMI 1235 - Karnataka High Court]. - assessee eligible for exemption u/s 10(23C)(iiiab) - AT .....

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