https://www.taxtmi.com/caselaws?id=385005 The Tribunal dismissed the revenue's appeals and partly allowed the assessee's appeals, providing relief on all the contested issues. The judgment reinforced the principles of allowing depreciation on assets for charitable trusts, permitting carry forward of excess expenditure, calculating accumulation on gross receipts, and recognizing sanctioned but unpaid liabilities as application of income. en-us Wed, 21 Aug 2019 00:00:00 +0530 Tue, 27 Aug 2019 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385005 The Tribunal dismissed the revenue's appeals and partly allowed the assessee's appeals, providing relief on all the contested issues. The judgment reinforced the principles of allowing depreciation on assets for charitable trusts, permitting carry forward of excess expenditure, calculating accumulation on gross receipts, and recognizing sanctioned but unpaid liabilities as application of income. Case-Laws Income Tax Wed, 21 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385005