https://www.taxtmi.com/caselaws?id=196919 The appeals filed by the Revenue were dismissed, and the cross-objections by the assessee were allowed. The ITAT found no breach of Section 13(1)(c) by the charitable institution, directing the Assessing Officer to grant Section 11 benefits. The judgment clarified the distinct treatment of depreciation and asset acquisition expenses, ensuring proper income computation for charitable purposes. en-us Wed, 30 Oct 2013 00:00:00 +0530 Thu, 26 Sep 2024 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196919 The appeals filed by the Revenue were dismissed, and the cross-objections by the assessee were allowed. The ITAT found no breach of Section 13(1)(c) by the charitable institution, directing the Assessing Officer to grant Section 11 benefits. The judgment clarified the distinct treatment of depreciation and asset acquisition expenses, ensuring proper income computation for charitable purposes. Case-Laws Income Tax Wed, 30 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196919