https://www.taxtmi.com/caselaws?id=344227 The Tribunal partly allowed the Revenue's appeal, upholding the disallowance of depreciation as application of income and affirming accumulation on gross receipts. The issue of unutilized grants was remanded for further clarification, and the claim for acquisition of capital assets from borrowed funds was disallowed. en-us Fri, 09 Jun 2017 00:00:00 +0530 Fri, 15 Dec 2017 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344227 The Tribunal partly allowed the Revenue's appeal, upholding the disallowance of depreciation as application of income and affirming accumulation on gross receipts. The issue of unutilized grants was remanded for further clarification, and the claim for acquisition of capital assets from borrowed funds was disallowed. Case-Laws Income Tax Fri, 09 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344227