https://www.taxtmi.com/caselaws?id=257954 The Tribunal partly allowed the appeal on grounds 1 to 5 and 9, and allowed grounds 6 to 8 for statistical purposes, directing fresh adjudication by the AO in line with the Tribunal's observations. The Tribunal emphasized that exemption under sections 11 and 12 cannot be denied based solely on the Directorate General of Income Tax (Exemptions) order. The AO's additions regarding unexplained cash credit, excess salaries, disallowed vehicle hiring charges, inflated expenses, and denied depreciation claim were found unsustainable and were ruled in favor of the assessee. en-us Mon, 23 Mar 2015 00:00:00 +0530 Fri, 27 Mar 2015 05:40:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257954 The Tribunal partly allowed the appeal on grounds 1 to 5 and 9, and allowed grounds 6 to 8 for statistical purposes, directing fresh adjudication by the AO in line with the Tribunal's observations. The Tribunal emphasized that exemption under sections 11 and 12 cannot be denied based solely on the Directorate General of Income Tax (Exemptions) order. The AO's additions regarding unexplained cash credit, excess salaries, disallowed vehicle hiring charges, inflated expenses, and denied depreciation claim were found unsustainable and were ruled in favor of the assessee. Case-Laws Income Tax Mon, 23 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257954