https://www.taxtmi.com/caselaws?id=177295 The tribunal dismissed the Department's appeals for A.Y. 2008-09 and A.Y. 2009-10, finding no violations of Sections 11(5) and 13(1)(d). It affirmed eligibility for benefits under Sections 11 and 12, allowed the set-off of brought forward losses, and ruled out the applicability of Section 164(2). The funds held in the French bank were deemed grants from the French Government, not investments or deposits. The tribunal's decision was pronounced on 31/12/2013. en-us Tue, 31 Dec 2013 00:00:00 +0530 Mon, 22 Aug 2016 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177295 The tribunal dismissed the Department's appeals for A.Y. 2008-09 and A.Y. 2009-10, finding no violations of Sections 11(5) and 13(1)(d). It affirmed eligibility for benefits under Sections 11 and 12, allowed the set-off of brought forward losses, and ruled out the applicability of Section 164(2). The funds held in the French bank were deemed grants from the French Government, not investments or deposits. The tribunal's decision was pronounced on 31/12/2013. Case-Laws Income Tax Tue, 31 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177295