2003 (2) TMI 478

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 2 of the ₹ 25,313 as demand of income-tax by disallowing the exemption provided under section 10(14) of the Income-tax Act. Accord- ing to learned counsel for the petitioner, the controversy has been settled down by Division Bench in LIC of India v. Union of India [2003] 260 ITR 411 and connected DBC Special Appeal No. 406/2001 decided on 22-1-2003. According to both the counsel, in view of....