https://www.taxtmi.com/caselaws?id=413778 The tribunal upheld the decisions in favor of the assessee society, dismissing the Revenue's appeal. The correct accounting of the development fund, eligibility for exemption under sections 11 and 12, and the validity of claiming depreciation on capital assets were all ruled in favor of the society. The tribunal referred to previous court decisions supporting the society's positions, ultimately leading to the dismissal of the Revenue's appeal. en-us Mon, 11 Oct 2021 00:00:00 +0530 Tue, 19 Oct 2021 13:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413778 The tribunal upheld the decisions in favor of the assessee society, dismissing the Revenue's appeal. The correct accounting of the development fund, eligibility for exemption under sections 11 and 12, and the validity of claiming depreciation on capital assets were all ruled in favor of the society. The tribunal referred to previous court decisions supporting the society's positions, ultimately leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Mon, 11 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413778