https://www.taxtmi.com/caselaws?id=190094 The Tribunal dismissed the Revenue's appeals for the assessment years 2007-08 and 2008-09, upholding the decisions of the ld. CIT(A) regarding denial of exemption on the ground of mutuality and disallowance of expenses incurred outside India, as well as disallowance of depreciation vis-`a-vis double deduction. The Tribunal emphasized interpreting the law in a manner beneficial to the assessee and cited previous rulings and lack of distinguishing features brought by the Revenue in support of its decision. en-us Wed, 12 Sep 2012 00:00:00 +0530 Mon, 06 Feb 2017 11:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190094 The Tribunal dismissed the Revenue's appeals for the assessment years 2007-08 and 2008-09, upholding the decisions of the ld. CIT(A) regarding denial of exemption on the ground of mutuality and disallowance of expenses incurred outside India, as well as disallowance of depreciation vis-`a-vis double deduction. The Tribunal emphasized interpreting the law in a manner beneficial to the assessee and cited previous rulings and lack of distinguishing features brought by the Revenue in support of its decision. Case-Laws Income Tax Wed, 12 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190094