https://www.taxtmi.com/caselaws?id=330416 The appeal was partly allowed by the Tribunal, with various issues remitted back to the Assessing Officer for further examination. The Tribunal supported the assessee's claim for depreciation, considered retention money as a liability, recognized the pharmacy as integral to the hospital, and allowed accumulation on net income. However, the Tribunal directed re-examination of the addition of advance fee received as income and deduction of liability for capital expenditure due to lack of details. The Tribunal emphasized the importance of thorough scrutiny of records and adherence to proper accounting practices. en-us Wed, 13 Jul 2016 00:00:00 +0530 Mon, 25 Jul 2016 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330416 The appeal was partly allowed by the Tribunal, with various issues remitted back to the Assessing Officer for further examination. The Tribunal supported the assessee's claim for depreciation, considered retention money as a liability, recognized the pharmacy as integral to the hospital, and allowed accumulation on net income. However, the Tribunal directed re-examination of the addition of advance fee received as income and deduction of liability for capital expenditure due to lack of details. The Tribunal emphasized the importance of thorough scrutiny of records and adherence to proper accounting practices. Case-Laws Income Tax Wed, 13 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330416