https://www.taxtmi.com/caselaws?id=245282 Income falling within Section 10 of the Income-tax Act is excluded from total income by reference to the nature of the receipt and remains available regardless of the assessee's status, so denial of exemption under Section 11 does not by itself displace Section 10. The Court also stated that a stay application must show application of mind to the arguable issues and to the extent of demand warranting protection. It found the Tribunal had adequately justified stay for the portion linked to Section 10 income, and because the appeal was fixed for early hearing, interference with the stay order was not warranted, subject to a conditional deposit if the hearing was adjourned at the assessee's instance. en-us Tue, 04 Mar 2014 00:00:00 +0530 Sat, 07 Jun 2014 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245282 Income falling within Section 10 of the Income-tax Act is excluded from total income by reference to the nature of the receipt and remains available regardless of the assessee's status, so denial of exemption under Section 11 does not by itself displace Section 10. The Court also stated that a stay application must show application of mind to the arguable issues and to the extent of demand warranting protection. It found the Tribunal had adequately justified stay for the portion linked to Section 10 income, and because the appeal was fixed for early hearing, interference with the stay order was not warranted, subject to a conditional deposit if the hearing was adjourned at the assessee's instance. Case-Laws Income Tax Tue, 04 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245282