https://www.taxtmi.com/caselaws?id=270061 The Tribunal upheld the Commissioner of Income-tax (Appeals)'s decisions on all grounds. It allowed depreciation on assets used for charitable purposes, permitted the carry forward of deficit against future income, and excluded notional gains from the revaluation of investments from taxable income. The Tribunal relied on various High Court decisions and precedent to support its findings, ultimately dismissing the Revenue's appeal. en-us Fri, 24 Jul 2015 00:00:00 +0530 Mon, 28 Dec 2015 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270061 The Tribunal upheld the Commissioner of Income-tax (Appeals)'s decisions on all grounds. It allowed depreciation on assets used for charitable purposes, permitted the carry forward of deficit against future income, and excluded notional gains from the revaluation of investments from taxable income. The Tribunal relied on various High Court decisions and precedent to support its findings, ultimately dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 24 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270061