1995 (12) TMI 5 - HC - Income Tax

Summary

The High Court of Allahabad ruled that the assessee is entitled to exemption under section 10(26B) of the Income-tax Act, 1961 only for housing schemes benefiting Scheduled Castes, not for other activities. The Tribunal's decision was partly in favor of the assessee and against the Revenue. The judgment was delivered by Judge Om Prakash.