University not wholly or substantially financed by govt not eligible for exemption u/s 10(23)(iiiab)
Case Law Details
Case Name : Visvesvaraya Technological University Vs ACIT (Supreme court of India)
Related Assessment Year :
Courts :
Supreme Court of India
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CA Saurabh Chokhra
Brief of the case:
i. The Hon’ble Supreme court in the above cited case held that Visveswaraiah Technological University being not wholly or substantially financed by government is not entitled to claim exemption u/s 10(23)(iiiab).
ii. Further, the fees collected by the University as per prescribed govt. norms cannot be said to finance provided by govt. The
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