https://www.taxtmi.com/caselaws?id=199638 The Tribunal partly allowed the appeals, remitting various issues back to the AO for detailed examination and fresh consideration. The Tribunal stressed the importance of a comprehensive review of the books of accounts for accurate tax assessment. Key issues included the inclusion of asset withdrawal values and depreciation reserves in gross receipts, allowance of depreciation claim on motor buses at 40%, inclusion of grants received in gross receipts, and the exemption calculation under Section 11(1)(a) of the Income Tax Act. en-us Wed, 16 Mar 2011 00:00:00 +0530 Thu, 08 Mar 2018 14:49:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199638 The Tribunal partly allowed the appeals, remitting various issues back to the AO for detailed examination and fresh consideration. The Tribunal stressed the importance of a comprehensive review of the books of accounts for accurate tax assessment. Key issues included the inclusion of asset withdrawal values and depreciation reserves in gross receipts, allowance of depreciation claim on motor buses at 40%, inclusion of grants received in gross receipts, and the exemption calculation under Section 11(1)(a) of the Income Tax Act. Case-Laws Income Tax Wed, 16 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199638