https://www.taxtmi.com/caselaws?id=371438 The Tribunal upheld the CIT(A)'s decisions, dismissing the Revenue's appeals and allowing the assessee's cross objections. It affirmed that depreciation on fixed assets, repayment of term loans, and surplus funds from commercial activities were valid under Section 11. The Tribunal directed the full allowance of counseling expenses, overturning the CIT(A)'s 50% disallowance. en-us Fri, 30 Nov 2018 00:00:00 +0530 Tue, 04 Dec 2018 09:00:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371438 The Tribunal upheld the CIT(A)'s decisions, dismissing the Revenue's appeals and allowing the assessee's cross objections. It affirmed that depreciation on fixed assets, repayment of term loans, and surplus funds from commercial activities were valid under Section 11. The Tribunal directed the full allowance of counseling expenses, overturning the CIT(A)'s 50% disallowance. Case-Laws Income Tax Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371438