https://www.taxtmi.com/caselaws?id=361858 The Tribunal ruled in favor of the assessee for assessment year 2009-10, upholding the CIT(A)'s decision on the applicability of amended provisions of section 2(15) and direction for allowing set off of deficit. However, the Tribunal reinstated the addition of Rs. 2,25,500. For assessment years 2010-11 and 2011-12, the Tribunal upheld the exemption under section 11 but dismissed the set off and carry forward of deficit. An addition of Rs. 3,87,37,804 for 2011-12 was remitted back for fresh consideration due to factual discrepancies. en-us Wed, 06 Jun 2018 00:00:00 +0530 Fri, 15 Jun 2018 07:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361858 The Tribunal ruled in favor of the assessee for assessment year 2009-10, upholding the CIT(A)'s decision on the applicability of amended provisions of section 2(15) and direction for allowing set off of deficit. However, the Tribunal reinstated the addition of Rs. 2,25,500. For assessment years 2010-11 and 2011-12, the Tribunal upheld the exemption under section 11 but dismissed the set off and carry forward of deficit. An addition of Rs. 3,87,37,804 for 2011-12 was remitted back for fresh consideration due to factual discrepancies. Case-Laws Income Tax Wed, 06 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361858