https://www.taxtmi.com/caselaws?id=215306 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decisions on all grounds. The Tribunal found that the assessee met the necessary conditions for claiming depreciation on the renovation, justified the traveling expenses as legitimate business expenditures, and complied with the requirements for exemption under section 10B. The appeal was dismissed in favor of the assessee. en-us Fri, 20 Jul 2012 00:00:00 +0530 Mon, 30 Jul 2012 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215306 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decisions on all grounds. The Tribunal found that the assessee met the necessary conditions for claiming depreciation on the renovation, justified the traveling expenses as legitimate business expenditures, and complied with the requirements for exemption under section 10B. The appeal was dismissed in favor of the assessee. Case-Laws Income Tax Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215306