https://www.taxtmi.com/caselaws?id=380592 The Appellate Tribunal dismissed the Revenue's appeal, upholding the eligibility of the assessee to set off brought forward excess application of funds to subsequent years and allowing depreciation as application of income for claiming exemption under section 11 of the Act. The Tribunal relied on legal principles and judicial precedents, including decisions of the Hon'ble Supreme Court and the Hon'ble Bombay High Court, to support its findings. en-us Wed, 22 May 2019 00:00:00 +0530 Fri, 24 May 2019 12:07:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380592 The Appellate Tribunal dismissed the Revenue's appeal, upholding the eligibility of the assessee to set off brought forward excess application of funds to subsequent years and allowing depreciation as application of income for claiming exemption under section 11 of the Act. The Tribunal relied on legal principles and judicial precedents, including decisions of the Hon'ble Supreme Court and the Hon'ble Bombay High Court, to support its findings. Case-Laws Income Tax Wed, 22 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380592