https://www.taxtmi.com/caselaws?id=179442 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner (Appeals)'s decisions regarding exemption under Section 11 of the Income Tax Act, allowability of depreciation on assets, and treatment of loan repayment as application of income. The Tribunal emphasized compliance with trust deed provisions and relevant case law, ultimately ruling in favor of the assessee. The cross objection by the assessee was deemed infructuous. en-us Fri, 10 Aug 2012 00:00:00 +0530 Mon, 04 Sep 2017 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179442 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner (Appeals)'s decisions regarding exemption under Section 11 of the Income Tax Act, allowability of depreciation on assets, and treatment of loan repayment as application of income. The Tribunal emphasized compliance with trust deed provisions and relevant case law, ultimately ruling in favor of the assessee. The cross objection by the assessee was deemed infructuous. Case-Laws Income Tax Fri, 10 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179442