https://www.taxtmi.com/caselaws?id=371551 The Tribunal upheld the decision of the CIT(A) that the capital grants received by the assessee are not taxable as income. Additionally, the assessee was allowed to accumulate income under Section 11(2) without filing Form No. 10 in time. The Tribunal based its decision on the specific purposes for which the grants were received and judicial precedents supporting such treatment. The Revenue's appeal was dismissed entirely. en-us Fri, 30 Nov 2018 00:00:00 +0530 Thu, 06 Dec 2018 05:35:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371551 The Tribunal upheld the decision of the CIT(A) that the capital grants received by the assessee are not taxable as income. Additionally, the assessee was allowed to accumulate income under Section 11(2) without filing Form No. 10 in time. The Tribunal based its decision on the specific purposes for which the grants were received and judicial precedents supporting such treatment. The Revenue's appeal was dismissed entirely. Case-Laws Income Tax Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371551