2005 (12) TMI 76

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..... ans and advances to the members at such rates as may be prescribed by the Committee - Tribunal was right in law in holding that the assessee is entitled to exemption under section 80P(2)(a)(i) of the Income-tax Act in respect of interest received from the members of the society - Tribunal is right in law in holding that the incentive subsidy received by the assessee is a capital receipt and cannot .....

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..... ssee is a capital receipt and cannot be included in the total income?" It is submitted by learned counsel on either side that the first question referred to above is covered by the decision of this court dated September 26, 2001, made in Tax Case Nos. 845 to 847 of 1995 in favour of the assessee and against the Revenue. Learned senior Central Government standing counsel appearing for the Revenue .....

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