1982 (6) TMI 67 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Allahabad-A heard appeals regarding exemption of income from interest on Government securities under section 80P(2)(a)(i) of the IT Act, 1961. The Tribunal upheld the assessee's claim for exemption, citing previous rulings and rejected the revenue's appeal. The assessee's cross objection was allowed.