Tax exemption for scholarship not available where post-retirement allowance funds project completion, reversing earlier guidance. The Board determined that the annual allowance to retired research scientists under the CSIR scheme is intended for completion of specific research projects, not for the scientists' education, and therefore does not qualify as a scholarship exempt from tax; the Board's prior instruction treating it as exempt is withdrawn effective 1 January 1970.
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Tax exemption for scholarship not available where post-retirement allowance funds project completion, reversing earlier guidance.
The Board determined that the annual allowance to retired research scientists under the CSIR scheme is intended for completion of specific research projects, not for the scientists' education, and therefore does not qualify as a scholarship exempt from tax; the Board's prior instruction treating it as exempt is withdrawn effective 1 January 1970.
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