https://www.taxtmi.com/caselaws?id=350487 The Tribunal ruled in favor of the assessee, granting exemption under sections 11 and 12 for transportation and games activities, allowing depreciation on assets, and canceling penalties under section 271(1)(c). However, the disallowance of provident fund interest expenses was upheld. The revenue's appeal against the deletion of disallowances related to sports and transportation activities was dismissed. en-us Mon, 18 Sep 2017 00:00:00 +0530 Mon, 06 Nov 2017 22:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350487 The Tribunal ruled in favor of the assessee, granting exemption under sections 11 and 12 for transportation and games activities, allowing depreciation on assets, and canceling penalties under section 271(1)(c). However, the disallowance of provident fund interest expenses was upheld. The revenue's appeal against the deletion of disallowances related to sports and transportation activities was dismissed. Case-Laws Income Tax Mon, 18 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350487