https://www.taxtmi.com/caselaws?id=17725 The court ruled in favor of the assessee in both Income-tax Reference No. 161 of 1984 and No. 56 of 1985. The Tribunal's decisions were upheld, allowing the assessee's claim for exemption under section 11 of the Income-tax Act, 1961 for contributions made to B. M. Institute. Additionally, the treatment of interest received on fixed deposits with Shahibag Entrepreneurs was also deemed to be covered under section 13(2)(a) rather than 13(2)(h). The court emphasized that the contributions and interest met the statutory requirements, resulting in a favorable outcome for the assessee. en-us Fri, 26 Jul 1996 00:00:00 +0530 Thu, 24 Sep 2009 13:23:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17725 The court ruled in favor of the assessee in both Income-tax Reference No. 161 of 1984 and No. 56 of 1985. The Tribunal's decisions were upheld, allowing the assessee's claim for exemption under section 11 of the Income-tax Act, 1961 for contributions made to B. M. Institute. Additionally, the treatment of interest received on fixed deposits with Shahibag Entrepreneurs was also deemed to be covered under section 13(2)(a) rather than 13(2)(h). The court emphasized that the contributions and interest met the statutory requirements, resulting in a favorable outcome for the assessee. Case-Laws Income Tax Fri, 26 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17725