https://www.taxtmi.com/caselaws?id=391765 The Tribunal upheld the CIT(A)'s decisions in the case, dismissing the Revenue's appeal. The first issue involved the deletion of an addition of Rs. 1,60,62,047/- by the CIT(A) and the applicability of Section 13. The Tribunal agreed with the CIT(A), stating that the investments were preparatory steps for establishing a university, entitling the assessee to benefits under Section 11. The second issue concerned the direction to allow the carry forward of the assessee's losses amounting to Rs. 5,80,12,138/- to subsequent years, which was also upheld by the Tribunal based on previous rulings supporting such actions for charitable trusts. en-us Mon, 03 Feb 2020 00:00:00 +0530 Thu, 06 Feb 2020 18:06:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391765 The Tribunal upheld the CIT(A)'s decisions in the case, dismissing the Revenue's appeal. The first issue involved the deletion of an addition of Rs. 1,60,62,047/- by the CIT(A) and the applicability of Section 13. The Tribunal agreed with the CIT(A), stating that the investments were preparatory steps for establishing a university, entitling the assessee to benefits under Section 11. The second issue concerned the direction to allow the carry forward of the assessee's losses amounting to Rs. 5,80,12,138/- to subsequent years, which was also upheld by the Tribunal based on previous rulings supporting such actions for charitable trusts. Case-Laws Income Tax Mon, 03 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391765