https://www.taxtmi.com/caselaws?id=198133 The Tribunal allowed the Assessee's appeals, directing the allowance of depreciation on capital assets and computation of accumulation of income under Section 11(1)(a) based on gross receipts. The decision favored the Assessee, citing relevant case law and distinguishing contrary decisions. The judgments were pronounced on June 23, 2015. en-us Tue, 23 Jun 2015 00:00:00 +0530 Tue, 23 Jan 2018 22:48:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198133 The Tribunal allowed the Assessee's appeals, directing the allowance of depreciation on capital assets and computation of accumulation of income under Section 11(1)(a) based on gross receipts. The decision favored the Assessee, citing relevant case law and distinguishing contrary decisions. The judgments were pronounced on June 23, 2015. Case-Laws Income Tax Tue, 23 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198133