https://www.taxtmi.com/caselaws?id=179787 The appeals were partly allowed as the bench ruled in favor of the assessee's claim of exemption under Section 10(26AAB) of the Act, citing retroactive application. The income of the assessees was deemed exempt from tax, leading to the reversal of tax authorities' orders. The stay applications were rejected, and other issues raised were not considered in light of the exemption decision. The Assessing Officer was directed to act in accordance with the bench's ruling. en-us Thu, 13 Aug 2009 00:00:00 +0530 Wed, 09 Mar 2016 18:06:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179787 The appeals were partly allowed as the bench ruled in favor of the assessee's claim of exemption under Section 10(26AAB) of the Act, citing retroactive application. The income of the assessees was deemed exempt from tax, leading to the reversal of tax authorities' orders. The stay applications were rejected, and other issues raised were not considered in light of the exemption decision. The Assessing Officer was directed to act in accordance with the bench's ruling. Case-Laws Income Tax Thu, 13 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179787