https://www.taxtmi.com/caselaws?id=260104 The Tribunal allowed all the appeals, holding that the assessees were entitled to exemption under section 10(10C) of the Income Tax Act. The delay in filing appeals was condoned due to the genuine belief of the retired senior citizens. The Tribunal emphasized a liberal interpretation of the provisions and ruled that denial of exemption based solely on exceeding the limit prescribed by rule 2BA would contravene the spirit of section 10(10C). The assessees were granted the exemption up to the specified amount. en-us Tue, 31 Mar 2015 00:00:00 +0530 Mon, 25 May 2015 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260104 The Tribunal allowed all the appeals, holding that the assessees were entitled to exemption under section 10(10C) of the Income Tax Act. The delay in filing appeals was condoned due to the genuine belief of the retired senior citizens. The Tribunal emphasized a liberal interpretation of the provisions and ruled that denial of exemption based solely on exceeding the limit prescribed by rule 2BA would contravene the spirit of section 10(10C). The assessees were granted the exemption up to the specified amount. Case-Laws Income Tax Tue, 31 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260104