https://www.taxtmi.com/caselaws?id=151439 The Tribunal upheld the Commissioner of Income-tax (Appeals)'s decision, dismissing the Revenue's appeal. It concluded that the assessee was entitled to the benefit under section 10(23C) for the income covered under section 68, emphasizing that income under section 68 is eligible for exemption under section 10(23C) based on legal interpretation and judicial precedents. The Tribunal supported the broad interpretation of "income" in section 10(23C), allowing the assessee to claim exemption for income deemed chargeable under section 68. en-us Tue, 31 Mar 2009 00:00:00 +0530 Wed, 05 Jun 2013 18:25:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151439 The Tribunal upheld the Commissioner of Income-tax (Appeals)'s decision, dismissing the Revenue's appeal. It concluded that the assessee was entitled to the benefit under section 10(23C) for the income covered under section 68, emphasizing that income under section 68 is eligible for exemption under section 10(23C) based on legal interpretation and judicial precedents. The Tribunal supported the broad interpretation of "income" in section 10(23C), allowing the assessee to claim exemption for income deemed chargeable under section 68. Case-Laws Income Tax Tue, 31 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151439