https://www.taxtmi.com/caselaws?id=252645 The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's appeal, affirming the CIT(A)'s decisions on all issues. The Tribunal upheld the exemption under Section 10(23C)(vi), allowed the application of income towards fixed assets, and emphasized the principle of consistency in granting exemptions. The Tribunal also clarified the applicability of the Supreme Court's decision in Goetze (India) Ltd., highlighting the ITAT's broader powers. en-us Mon, 25 Aug 2014 00:00:00 +0530 Fri, 31 Oct 2014 07:50:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252645 The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's appeal, affirming the CIT(A)'s decisions on all issues. The Tribunal upheld the exemption under Section 10(23C)(vi), allowed the application of income towards fixed assets, and emphasized the principle of consistency in granting exemptions. The Tribunal also clarified the applicability of the Supreme Court's decision in Goetze (India) Ltd., highlighting the ITAT's broader powers. Case-Laws Income Tax Mon, 25 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252645