1995 (12) TMI 5

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....late Tribunal (Allahabad Bench), drew up a statement of the case for the assessment year 1981-82 and referred the following questions at the instance of the assessee and of the Revenue : " Whether, on the facts and in the circumstances of the case, the Tribunal having found the assessee eligible for exemption under section 10(26B) was justified in not declaring the whole of its income totally exe....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....arg Avas Nigam [1997] 226 ITR 696 (All)). In the said order, we held that the assessee is entitled to exemption under section 10(26B) of the Income-tax Act, 1961, only in respect of the housing schemes executed pursuant to the main object No. 1 of the memorandum of association of the assessee for the promotion of the interests of the members of the Scheduled Castes and that no exemption can be cla....