https://www.taxtmi.com/caselaws?id=195218 The Court held that IT Reference Nos. 119 and 120 of 1994 were not maintainable due to the revenue's failure to seek reference from the Tribunal's order for the relevant assessment years. Regarding IT Reference No. 121 of 1994, the Court ruled in favor of the assessee, determining that they were entitled to exemption under section 80P(2)(a)(iv) for the assessment year 1982-83. The Court distinguished the case from precedent, emphasizing that the assessee met the conditions for exemption under the specific provision, ultimately deciding against the revenue. en-us Fri, 21 Feb 1997 00:00:00 +0530 Mon, 23 Oct 2017 12:21:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195218 The Court held that IT Reference Nos. 119 and 120 of 1994 were not maintainable due to the revenue's failure to seek reference from the Tribunal's order for the relevant assessment years. Regarding IT Reference No. 121 of 1994, the Court ruled in favor of the assessee, determining that they were entitled to exemption under section 80P(2)(a)(iv) for the assessment year 1982-83. The Court distinguished the case from precedent, emphasizing that the assessee met the conditions for exemption under the specific provision, ultimately deciding against the revenue. Case-Laws Income Tax Fri, 21 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195218