This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Interest on Unutilised Government Grants Exempt: ITAT Ahmedabad
Case Law Details
- Case Name
- Gujarat Knowledge Society Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Ahmedabad
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Gujarat Knowledge Society Vs ITO (ITAT Ahmedabad)
Interest on Unutilised Government Grants Exempt: ITAT Ahmedabad Allows Section 10(23C)(iiiab) Relief to Gujarat Knowledge Society
The Ahmedabad Bench of the ITAT allowed the appeal of Gujarat Knowledge Society for AY 2017-18, condoned a delay of 239 days, and held that the assessee was entitled to exemption under Section 10(23C)(iiiab) in respect of interest income of ₹4.28 crore earned on surplus funds parked with Gujarat State Financial Services Ltd. The assessee is a Government of Gujarat–established and Government-contr...
Author Info
