https://www.taxtmi.com/caselaws?id=277505 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to delete additions totaling Rs. 43,48,792/-, accepting Form No. 10 and Form No. 10B as additional evidence for accumulation of income under Section 11(2). The Tribunal also allowed the depreciation claim of Rs. 8,13,513/- despite the assessee claiming 100% deduction towards capital expenditure. The revenue's appeal was dismissed, affirming the CIT(A)'s order. en-us Wed, 31 Aug 2016 00:00:00 +0530 Thu, 06 Dec 2018 05:32:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277505 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to delete additions totaling Rs. 43,48,792/-, accepting Form No. 10 and Form No. 10B as additional evidence for accumulation of income under Section 11(2). The Tribunal also allowed the depreciation claim of Rs. 8,13,513/- despite the assessee claiming 100% deduction towards capital expenditure. The revenue's appeal was dismissed, affirming the CIT(A)'s order. Case-Laws Income Tax Wed, 31 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277505