https://www.taxtmi.com/caselaws?id=354740 The Tribunal upheld the assessee's position on all three issues: accumulation of income on gross receipts, allowance of depreciation, and carry forward of excess application of income for set off against income of subsequent years. The decision aligned with statutory language and judicial precedents, dismissing the Revenue's appeal and affirming the CIT(A)'s rulings. en-us Wed, 04 Oct 2017 00:00:00 +0530 Fri, 02 Feb 2018 09:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354740 The Tribunal upheld the assessee's position on all three issues: accumulation of income on gross receipts, allowance of depreciation, and carry forward of excess application of income for set off against income of subsequent years. The decision aligned with statutory language and judicial precedents, dismissing the Revenue's appeal and affirming the CIT(A)'s rulings. Case-Laws Income Tax Wed, 04 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354740