https://www.taxtmi.com/caselaws?id=241327 The Tribunal upheld the Ld. CIT(A)'s decision allowing exemption under section 11 to the assessee, a government entity, for carrying out public interest functions. The Tribunal also supported the Ld. CIT(A)'s decision to permit the carry forward of deficit, emphasizing consistency in applying legal principles. The appeal by the revenue challenging these decisions was dismissed, affirming the favorable rulings for the assessee. en-us Fri, 15 Mar 2013 00:00:00 +0530 Sat, 21 Dec 2013 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241327 The Tribunal upheld the Ld. CIT(A)'s decision allowing exemption under section 11 to the assessee, a government entity, for carrying out public interest functions. The Tribunal also supported the Ld. CIT(A)'s decision to permit the carry forward of deficit, emphasizing consistency in applying legal principles. The appeal by the revenue challenging these decisions was dismissed, affirming the favorable rulings for the assessee. Case-Laws Income Tax Fri, 15 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241327