https://www.taxtmi.com/caselaws?id=260839 The Tribunal upheld the CIT (Appeals) decisions on all issues, dismissing both the Departmental appeal and the assessee's Cross Objection. The Tribunal found the CIT (Appeals) orders well-reasoned and consistent with legal precedents and statutory provisions. The disallowance of the excess utilization claim, the allowance of credit for 15% of gross receipts without notice under section 11(2)(a), and the allowance of depreciation claimed during assessment proceedings were all upheld in favor of the CIT (Appeals) decisions. en-us Thu, 30 Apr 2015 00:00:00 +0530 Thu, 25 Jun 2015 08:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260839 The Tribunal upheld the CIT (Appeals) decisions on all issues, dismissing both the Departmental appeal and the assessee's Cross Objection. The Tribunal found the CIT (Appeals) orders well-reasoned and consistent with legal precedents and statutory provisions. The disallowance of the excess utilization claim, the allowance of credit for 15% of gross receipts without notice under section 11(2)(a), and the allowance of depreciation claimed during assessment proceedings were all upheld in favor of the CIT (Appeals) decisions. Case-Laws Income Tax Thu, 30 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260839