https://www.taxtmi.com/caselaws?id=262304 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions to allow the depreciation claim and the carry forward of the deficit. The Tribunal relied on established judicial precedents and the legal framework applicable to the assessment years, ensuring correct income computation and application of income for charitable purposes in line with prevailing legal interpretations before the relevant amendment in the Income Tax Act. en-us Thu, 30 Jul 2015 00:00:00 +0530 Mon, 09 Nov 2015 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262304 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions to allow the depreciation claim and the carry forward of the deficit. The Tribunal relied on established judicial precedents and the legal framework applicable to the assessment years, ensuring correct income computation and application of income for charitable purposes in line with prevailing legal interpretations before the relevant amendment in the Income Tax Act. Case-Laws Income Tax Thu, 30 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262304