Exemption u/s. 10(26) available to individual members of Scheduled Tribe & not to firm: ITAT Guwahati

Hotel Centre Point Vs ITO (ITAT Gauhati) ITAT Guwahati held that the exemption of 10(26) of the Income Tax Act is available to the individual members of the Scheduled Tribe and that this benefit cannot be extended to a firm which has been recognized as a separate assessable person under the Income Tax Act. Facts- The assessee is partnership firm running hotel business under the name and style of M/s Hotel Centre Point at Shillong. It consisted of two partners namely Shri Prabhat Dey Sawyan and Mr. Walamphang Roy, both the partners are related to each other and are belonged to Khasis tribe whic...