https://www.taxtmi.com/caselaws?id=394486 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s order. It directed the AO to allow exemptions and depreciation as per the CIT(A)'s directions and the Supreme Court's decision. The Tribunal also dismissed the cross objections filed by the assessee as infructuous and remitted the matter back to the AO for verifying depreciation on assets treated as an application of income for the assessment year 2014-15. en-us Thu, 30 Jan 2020 00:00:00 +0530 Tue, 14 Apr 2020 12:59:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394486 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s order. It directed the AO to allow exemptions and depreciation as per the CIT(A)'s directions and the Supreme Court's decision. The Tribunal also dismissed the cross objections filed by the assessee as infructuous and remitted the matter back to the AO for verifying depreciation on assets treated as an application of income for the assessment year 2014-15. Case-Laws Income Tax Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394486