https://www.taxtmi.com/caselaws?id=397251 The ITAT dismissed the revenue's appeals, affirming the CIT(A)'s decisions. The assessee trust was deemed eligible for exemption under Section 11 of the Income Tax Act, with the proviso to Section 2(15) found inapplicable. Additionally, the carry forward of excess capital expenditure was permitted. These conclusions were grounded in established legal precedents and statutory interpretations. en-us Thu, 30 Jul 2020 00:00:00 +0530 Fri, 08 Nov 2024 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397251 The ITAT dismissed the revenue's appeals, affirming the CIT(A)'s decisions. The assessee trust was deemed eligible for exemption under Section 11 of the Income Tax Act, with the proviso to Section 2(15) found inapplicable. Additionally, the carry forward of excess capital expenditure was permitted. These conclusions were grounded in established legal precedents and statutory interpretations. Case-Laws Income Tax Thu, 30 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397251