https://www.taxtmi.com/caselaws?id=63467 The Tribunal confirmed the denial of exemption under section 10(17B) of the Income-tax Act for the generation reward granted to DESU employees. It held that the incentive scheme was not specifically approved by the Central Government and that DESU could not be classified as part of the Central Government or a local authority. The Tribunal emphasized that the reward must be in public interest and approved by the relevant authorities to qualify for exemption, ultimately ruling that the generation incentive paid by DESU was not exempt under section 10(17B) of the Income-tax Act. en-us Wed, 24 Jul 1996 00:00:00 +0530 Mon, 31 Jan 2011 11:23:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63467 The Tribunal confirmed the denial of exemption under section 10(17B) of the Income-tax Act for the generation reward granted to DESU employees. It held that the incentive scheme was not specifically approved by the Central Government and that DESU could not be classified as part of the Central Government or a local authority. The Tribunal emphasized that the reward must be in public interest and approved by the relevant authorities to qualify for exemption, ultimately ruling that the generation incentive paid by DESU was not exempt under section 10(17B) of the Income-tax Act. Case-Laws Income Tax Wed, 24 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63467