https://www.taxtmi.com/caselaws?id=378109 The tribunal upheld the CIT(A)'s decisions in favor of the assessee on all counts, including the deletion of depreciation, development fund, and capital expenditure additions challenged by the Revenue. The tribunal emphasized that the legislative amendments denying double deduction claims were not applicable to the assessment year in question. Additionally, rent payments to trustees were deemed exempt under sections 11 and 12, as the AO failed to provide sufficient evidence to disallow them. The tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s rulings. en-us Fri, 29 Mar 2019 00:00:00 +0530 Tue, 09 Apr 2019 06:42:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378109 The tribunal upheld the CIT(A)'s decisions in favor of the assessee on all counts, including the deletion of depreciation, development fund, and capital expenditure additions challenged by the Revenue. The tribunal emphasized that the legislative amendments denying double deduction claims were not applicable to the assessment year in question. Additionally, rent payments to trustees were deemed exempt under sections 11 and 12, as the AO failed to provide sufficient evidence to disallow them. The tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s rulings. Case-Laws Income Tax Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378109