https://www.taxtmi.com/caselaws?id=56794 Issue 1: The Tribunal dismissed the Revenue's appeal regarding the taxability of interest earned on unutilized funds, following a previous decision where a similar claim was allowed. The interest income was deemed not taxable as further grants from the Government.Issue 2: The Tribunal directed a reexamination of the disallowance of bonus and payments accrued in the assessment year 1980-81, noting the need for further consideration based on relevant materials and hearing both sides.Issue 3: The Tribunal allowed the assessee's claim for exemption under section 10(26B) based on a previous ruling, deeming the claim under section 10(20A) as infructuous. The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed in line with the Tribunal's decision for the earlier assessment year. en-us Wed, 29 Apr 1987 00:00:00 +0530 Mon, 06 Dec 2010 17:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56794 Issue 1: The Tribunal dismissed the Revenue's appeal regarding the taxability of interest earned on unutilized funds, following a previous decision where a similar claim was allowed. The interest income was deemed not taxable as further grants from the Government.Issue 2: The Tribunal directed a reexamination of the disallowance of bonus and payments accrued in the assessment year 1980-81, noting the need for further consideration based on relevant materials and hearing both sides.Issue 3: The Tribunal allowed the assessee's claim for exemption under section 10(26B) based on a previous ruling, deeming the claim under section 10(20A) as infructuous. The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed in line with the Tribunal's decision for the earlier assessment year. Case-Laws Income Tax Wed, 29 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56794