https://www.taxtmi.com/caselaws?id=177363 The Tribunal ruled in favor of the assessee, allowing exemption under section 11 for building and development funds, permitting the claim of depreciation, and recognizing the application of income for advances to another charitable trust. The issue of interest under section 234B was dismissed as mandatory and consequential. Appeals for the assessment years 2006-07, 2007-08, and 2008-09 were partly allowed. en-us Fri, 28 Mar 2014 00:00:00 +0530 Fri, 08 Jan 2016 10:05:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177363 The Tribunal ruled in favor of the assessee, allowing exemption under section 11 for building and development funds, permitting the claim of depreciation, and recognizing the application of income for advances to another charitable trust. The issue of interest under section 234B was dismissed as mandatory and consequential. Appeals for the assessment years 2006-07, 2007-08, and 2008-09 were partly allowed. Case-Laws Income Tax Fri, 28 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177363