https://www.taxtmi.com/caselaws?id=13265 The court held that the appellant-corporation, Arunachal Pradesh Forest Corporation Limited (APFC), was entitled to the benefit of exemption under section 10(26B) of the Income-tax Act, 1961. The court found that APFC was primarily formed to ameliorate the tribal population's conditions and promote developmental activities in Arunachal Pradesh, aligning with the purpose of clause (26B) which focuses on promoting the interests of Scheduled Tribes. As a result, the court allowed the appeals, setting aside the assessment orders that denied the exemption. en-us Wed, 28 Feb 2007 00:00:00 +0530 Wed, 27 May 2009 17:52:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13265 The court held that the appellant-corporation, Arunachal Pradesh Forest Corporation Limited (APFC), was entitled to the benefit of exemption under section 10(26B) of the Income-tax Act, 1961. The court found that APFC was primarily formed to ameliorate the tribal population's conditions and promote developmental activities in Arunachal Pradesh, aligning with the purpose of clause (26B) which focuses on promoting the interests of Scheduled Tribes. As a result, the court allowed the appeals, setting aside the assessment orders that denied the exemption. Case-Laws Income Tax Wed, 28 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13265