https://www.taxtmi.com/caselaws?id=190330 The Tribunal dismissed the appeal of the assessee, upholding the findings of the AO and CIT(A) on all issues. The assessee failed to qualify for exemption under section 10(23C)(iiiab), misappropriated earmarked funds, did not deduct tax at source, and incorrectly treated capital expenditure as revenue expenditure. The Tribunal's decision was consistent with its earlier ruling for the assessment year 2006-07, and no new evidence was presented to contradict these findings. Consequently, the appeal and stay application were dismissed. en-us Mon, 18 Jan 2016 00:00:00 +0530 Mon, 13 Feb 2017 09:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190330 The Tribunal dismissed the appeal of the assessee, upholding the findings of the AO and CIT(A) on all issues. The assessee failed to qualify for exemption under section 10(23C)(iiiab), misappropriated earmarked funds, did not deduct tax at source, and incorrectly treated capital expenditure as revenue expenditure. The Tribunal's decision was consistent with its earlier ruling for the assessment year 2006-07, and no new evidence was presented to contradict these findings. Consequently, the appeal and stay application were dismissed. Case-Laws Income Tax Mon, 18 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190330