https://www.taxtmi.com/caselaws?id=285661 The Tribunal ruled in favor of the assessee, holding that the retrospective application of the amendment to Section 2(15) of the IT Act was not applicable for the assessment year 2007-08. The Tribunal also granted the assessee exemption under Section 11, allowed a higher rate of depreciation on assets, directed the deletion of disallowed contributions to pension funds, and excluded interest on investments from the assessee's income. The Revenue's appeal challenging the deletion of various additions made by the AO was dismissed by the Tribunal. en-us Fri, 20 May 2011 00:00:00 +0530 Mon, 21 Aug 2023 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285661 The Tribunal ruled in favor of the assessee, holding that the retrospective application of the amendment to Section 2(15) of the IT Act was not applicable for the assessment year 2007-08. The Tribunal also granted the assessee exemption under Section 11, allowed a higher rate of depreciation on assets, directed the deletion of disallowed contributions to pension funds, and excluded interest on investments from the assessee's income. The Revenue's appeal challenging the deletion of various additions made by the AO was dismissed by the Tribunal. Case-Laws Income Tax Fri, 20 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285661