https://www.taxtmi.com/caselaws?id=246780 The High Court upheld the ITAT's decision that the assessee was not entitled to exemption under Section 11 due to violations of Section 11 (4) and 11 (4A). The Court directed a reevaluation by the Assessing Officer to consider deductions for legitimate expenditure and depreciation in accordance with the law, emphasizing the need for a thorough examination of these allowances. en-us Tue, 15 Apr 2014 00:00:00 +0530 Mon, 21 Apr 2014 19:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246780 The High Court upheld the ITAT's decision that the assessee was not entitled to exemption under Section 11 due to violations of Section 11 (4) and 11 (4A). The Court directed a reevaluation by the Assessing Officer to consider deductions for legitimate expenditure and depreciation in accordance with the law, emphasizing the need for a thorough examination of these allowances. Case-Laws Income Tax Tue, 15 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246780