1995 (12) TMI 5

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....AKASH J.---The Income-tax Appellate 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 th....

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.... 86 of 1986 (CIT v. Harijan Evam Nirbal Varg 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 Schedule....