https://www.taxtmi.com/caselaws?id=69728 The tribunal ruled that the stipend received under the National Science Foundation (NSF) Fellowship was exempt under Section 10(16) of the IT Act, 1961, as it was deemed a "scholarship" for scientific activities. The tribunal rejected the argument that the stipend was remuneration for services rendered, emphasizing the purpose and context of the award. The assessee was granted the exemption for both assessment years. Additionally, the tribunal directed a reassessment of the Rs. 2,000 addition related to the assessee's share in the income from the residuary property for the assessment year 1971-72. en-us Tue, 13 Mar 1979 00:00:00 +0530 Mon, 11 Apr 2011 17:32:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69728 The tribunal ruled that the stipend received under the National Science Foundation (NSF) Fellowship was exempt under Section 10(16) of the IT Act, 1961, as it was deemed a "scholarship" for scientific activities. The tribunal rejected the argument that the stipend was remuneration for services rendered, emphasizing the purpose and context of the award. The assessee was granted the exemption for both assessment years. Additionally, the tribunal directed a reassessment of the Rs. 2,000 addition related to the assessee's share in the income from the residuary property for the assessment year 1971-72. Case-Laws Income Tax Tue, 13 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69728