https://www.taxtmi.com/caselaws?id=279118 The Appellate Tribunal upheld the appellant's eligibility for exemption under section 11 of the Income Tax Act, allowing the set off of brought forward unabsorbed depreciation. The Tribunal did not delve into the computation of tax at the correct slab rate for an Association of Persons (AOP) as it became infructuous. The Tribunal considered the charging and withdrawal of interest under relevant sections as consequential and did not provide detailed adjudication. The Tribunal's decisions were based on legal principles and precedents, resulting in the dismissal of the Revenue's appeal and partial allowance of the appellant's Cross-Objection. en-us Thu, 09 Nov 2017 00:00:00 +0530 Tue, 05 Mar 2019 00:47:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279118 The Appellate Tribunal upheld the appellant's eligibility for exemption under section 11 of the Income Tax Act, allowing the set off of brought forward unabsorbed depreciation. The Tribunal did not delve into the computation of tax at the correct slab rate for an Association of Persons (AOP) as it became infructuous. The Tribunal considered the charging and withdrawal of interest under relevant sections as consequential and did not provide detailed adjudication. The Tribunal's decisions were based on legal principles and precedents, resulting in the dismissal of the Revenue's appeal and partial allowance of the appellant's Cross-Objection. Case-Laws Income Tax Thu, 09 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279118