https://www.taxtmi.com/caselaws?id=366342 The High Court upheld the Tribunal's decision in a case involving the interpretation of provisions of section 2(15) of the Income Tax Act. The court ruled that the activities of the respondent assessee did not qualify as "advancement of general public utility." Additionally, the court supported the allowance of depreciation on roads and the deletion of disallowance made under section 40(a)(ia) in the income computation under section 11(1)(a) of the Act. The High Court found no legal issue and dismissed the Tax Appeal, affirming the commercial approach to income computation from Trust properties. en-us Mon, 27 Aug 2018 00:00:00 +0530 Sat, 01 Sep 2018 08:42:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366342 The High Court upheld the Tribunal's decision in a case involving the interpretation of provisions of section 2(15) of the Income Tax Act. The court ruled that the activities of the respondent assessee did not qualify as "advancement of general public utility." Additionally, the court supported the allowance of depreciation on roads and the deletion of disallowance made under section 40(a)(ia) in the income computation under section 11(1)(a) of the Act. The High Court found no legal issue and dismissed the Tax Appeal, affirming the commercial approach to income computation from Trust properties. Case-Laws Income Tax Mon, 27 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366342