https://www.taxtmi.com/caselaws?id=260308 The ITAT directed the Assessing Officer to recompute the income of the assessee in accordance with law, following the matching principle and removing tied-up grants from the computation. The ITAT set aside the matter for proper computation of income based on the directions provided, ensuring that tied-up grants were excluded from the computation and the intentions of donors were duly considered. The appeals were allowed for statistical purposes, emphasizing the need for proper computation of income in line with legal provisions and judicial precedents. en-us Thu, 19 Mar 2015 00:00:00 +0530 Sat, 30 May 2015 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260308 The ITAT directed the Assessing Officer to recompute the income of the assessee in accordance with law, following the matching principle and removing tied-up grants from the computation. The ITAT set aside the matter for proper computation of income based on the directions provided, ensuring that tied-up grants were excluded from the computation and the intentions of donors were duly considered. The appeals were allowed for statistical purposes, emphasizing the need for proper computation of income in line with legal provisions and judicial precedents. Case-Laws Income Tax Thu, 19 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260308