https://www.taxtmi.com/caselaws?id=346791 The Tribunal allowed the assessee's claim for exemption under Section 10(26B) of the Income Tax Act as it was established for the development of the scheduled tribe community in Lakshadweep. Consequently, other issues raised by the Assessing Officer, including disallowance of bonus payments, under-reported interest income, delayed ex-gratia payment, and disallowed depreciation, were not addressed in detail and were dismissed as infructuous. The appeals for the assessment years 2011-12 and 2012-13 were partly allowed, and Stay Petitions were dismissed. en-us Tue, 01 Aug 2017 00:00:00 +0530 Wed, 23 Aug 2017 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346791 The Tribunal allowed the assessee's claim for exemption under Section 10(26B) of the Income Tax Act as it was established for the development of the scheduled tribe community in Lakshadweep. Consequently, other issues raised by the Assessing Officer, including disallowance of bonus payments, under-reported interest income, delayed ex-gratia payment, and disallowed depreciation, were not addressed in detail and were dismissed as infructuous. The appeals for the assessment years 2011-12 and 2012-13 were partly allowed, and Stay Petitions were dismissed. Case-Laws Income Tax Tue, 01 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346791