https://www.taxtmi.com/caselaws?id=297866 The Tribunal upheld the CIT(A)'s decision, granting exemption under Section 11 of the Income Tax Act to the assessee and classifying their activities under "preservation of environment." The Tribunal also allowed the inclusion of prior period expenses, emphasizing that expenses should be recognized when determined and crystallized. The Tribunal dismissed the Revenue's appeal, highlighting the precedence of specific provisions over general ones and aligning with established judicial precedents regarding expense recognition. en-us Fri, 26 Jul 2019 00:00:00 +0530 Mon, 27 Sep 2021 07:55:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297866 The Tribunal upheld the CIT(A)'s decision, granting exemption under Section 11 of the Income Tax Act to the assessee and classifying their activities under "preservation of environment." The Tribunal also allowed the inclusion of prior period expenses, emphasizing that expenses should be recognized when determined and crystallized. The Tribunal dismissed the Revenue's appeal, highlighting the precedence of specific provisions over general ones and aligning with established judicial precedents regarding expense recognition. Case-Laws Income Tax Fri, 26 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297866