https://www.taxtmi.com/caselaws?id=467095 A statutory exemption continued for income derived up to 31 March 2002 despite the later omission of section 50 of the Small Industries Development Bank of India Act, 1989 from 1 April 2002. On that basis, the assessee was not liable to income tax for assessment year 2002-03 on the relevant income, and the High Court found no substantial question of law arising from the Tribunal's view. The appeal therefore failed and was dismissed. en-us Wed, 12 Sep 2012 00:00:00 +0530 Fri, 06 Mar 2026 15:55:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467095 A statutory exemption continued for income derived up to 31 March 2002 despite the later omission of section 50 of the Small Industries Development Bank of India Act, 1989 from 1 April 2002. On that basis, the assessee was not liable to income tax for assessment year 2002-03 on the relevant income, and the High Court found no substantial question of law arising from the Tribunal's view. The appeal therefore failed and was dismissed. Case-Laws Income Tax Wed, 12 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467095