1986 (2) TMI 100 - AT - Income Tax

Summary

The CIT, Haryana, Rohtak filed a reference application under the IT Act regarding the exemption of interest income earned from FDR with banks by a mutual benefit society. The Tribunal rejected the reference request, citing previous decisions confirming the society's status as a mutual benefit society. The reference application was dismissed. (Case: Appellate Tribunal ITAT CHANDIGARH, Citation: 1986 (2) TMI 100 - ITAT CHANDIGARH)