Assessee-trust is  running an educational institution. It claimed exemption under section 10(23C)(iiiac). Assessing Officer denied exemption on ground that assessee had received less than 50 per cent of total receipts as grant from Government. On appeal the CIT(A) allowed the exemption.  On appeal the Tribunal held that  the  assessee had received a grant of certain amount and apart from said grants, assessee had also received interest on term deposits made by assessee out of excess credits of unspent grant.  Interest received on fixed deposits made out of unspent grants would be treated as a grant and if said interest amount was added to total grants received during year, it would exceed 50 per cent prescribed under section 10(23C)(iiiac). Eligible exemption. (AY. 2017-18, 2018-19)