1986 (4) TMI 10 - HC - Income Tax

Summary

The High Court of Patna ruled in favor of the assessee, Sarbamangala Devi, and Dr. P. R. Chakarvarty, regarding the exemption of pranamis under section 10(3) of the Income-tax Act, 1961 for the assessment years 1967-68 to 1971-72. The Tribunal's decision was upheld, and each assessee will bear their own costs.