https://www.taxtmi.com/caselaws?id=333291 The Tribunal allowed the assessee's appeal, directing the AO to grant exemption under Section 11 and upheld the allowance of depreciation on assets purchased in earlier years. The Tribunal did not conclusively decide on the validity of the reopening under Section 147/148 due to the case being decided on its merits. en-us Fri, 15 Jul 2016 00:00:00 +0530 Mon, 03 Oct 2016 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333291 The Tribunal allowed the assessee's appeal, directing the AO to grant exemption under Section 11 and upheld the allowance of depreciation on assets purchased in earlier years. The Tribunal did not conclusively decide on the validity of the reopening under Section 147/148 due to the case being decided on its merits. Case-Laws Income Tax Fri, 15 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333291