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<h1>ITAT Chandigarh: CIT's Reference Application Dismissed on Interest Income Exemption for Mutual Benefit Society</h1> The Appellate Tribunal ITAT Chandigarh dismissed the reference application filed by the CIT, Haryana, Rohtak under the IT Act concerning the exemption of ... - The CIT, Haryana, Rohtak filed a reference application under the IT Act regarding the exemption of interest income earned from FDR with banks by a mutual benefit society. The Tribunal rejected the reference request, citing previous decisions confirming the society's status as a mutual benefit society. The reference application was dismissed. (Case: Appellate Tribunal ITAT CHANDIGARH, Citation: 1986 (2) TMI 100 - ITAT CHANDIGARH)