https://www.taxtmi.com/caselaws?id=55456 The Tribunal upheld the CIT(A)'s decision, ruling that the assessee met the conditions for exemption under Section 10(6)(vii)(a). It was found that the payment of bonus did not exceed approved limits, and the service contract was approved in a timely manner. The reassessment orders were overturned, restoring the original assessment orders. The Department's appeal was dismissed, with the Tribunal highlighting inconsistencies in the Department's actions and deeming the reassessment unnecessary. en-us Mon, 11 Jul 1988 00:00:00 +0530 Sat, 27 Nov 2010 11:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55456 The Tribunal upheld the CIT(A)'s decision, ruling that the assessee met the conditions for exemption under Section 10(6)(vii)(a). It was found that the payment of bonus did not exceed approved limits, and the service contract was approved in a timely manner. The reassessment orders were overturned, restoring the original assessment orders. The Department's appeal was dismissed, with the Tribunal highlighting inconsistencies in the Department's actions and deeming the reassessment unnecessary. Case-Laws Income Tax Mon, 11 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55456