Stipend is taxable or not

Jitender Garg (Article(FINAL YR Pass Out))   (863 Points)

11 March 2008  

It was held in SUDHIR KR SHARMA Vs ITO stipend received by article is fully exempt from tax.

Stipend received by article is treated as scholarship(as it is received to meet the exp. of his books classes etc.) so it is exempt from tax U/s 10(16)

HELD IN SUDHIR KR SHARMA Vs ITO(1983) JIAPUR