https://www.taxtmi.com/caselaws?id=193358 The Tribunal upheld the CIT(A)'s decisions on all issues, dismissing the Revenue's appeals. The estimation of construction cost and unexplained investment was deemed reasonable, anonymous donations were treated as exempt under section 11, denial of exemption based on institution nature was overturned, and reopening assessments solely on the DVO's report was deemed invalid. The Tribunal emphasized that minor differences in cost estimation are typically ignored and that the charitable nature of the institution was upheld. en-us Tue, 28 May 2013 00:00:00 +0530 Tue, 25 Jul 2017 18:52:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193358 The Tribunal upheld the CIT(A)'s decisions on all issues, dismissing the Revenue's appeals. The estimation of construction cost and unexplained investment was deemed reasonable, anonymous donations were treated as exempt under section 11, denial of exemption based on institution nature was overturned, and reopening assessments solely on the DVO's report was deemed invalid. The Tribunal emphasized that minor differences in cost estimation are typically ignored and that the charitable nature of the institution was upheld. Case-Laws Income Tax Tue, 28 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193358