https://www.taxtmi.com/caselaws?id=264132 The Tribunal upheld the denial of exemption under Section 11 of the Income Tax Act for the assessment years 2006-07 and 2009-10, ruling that the predominant activities of the assessee were commercial, not charitable. The Tribunal also supported the denial of depreciation on assets purchased before the financial year 2008-09 and the rejection of Form 10 for accumulation of income. The CIT(A)'s enhancement of assessment for the assessment year 2006-07 was upheld, ultimately dismissing the assessee's appeals for both years. en-us Fri, 17 Jul 2015 00:00:00 +0530 Fri, 18 Sep 2015 06:45:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264132 The Tribunal upheld the denial of exemption under Section 11 of the Income Tax Act for the assessment years 2006-07 and 2009-10, ruling that the predominant activities of the assessee were commercial, not charitable. The Tribunal also supported the denial of depreciation on assets purchased before the financial year 2008-09 and the rejection of Form 10 for accumulation of income. The CIT(A)'s enhancement of assessment for the assessment year 2006-07 was upheld, ultimately dismissing the assessee's appeals for both years. Case-Laws Income Tax Fri, 17 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264132