https://www.taxtmi.com/caselaws?id=423822 The ITAT dismissed the appellant's appeal, upholding the denial of exemption under Section 11 and the addition of accrued interest. However, the ITAT allowed the claim for depreciation on fixed assets and directed the AO to consider the basic exemption claim appropriately. en-us Tue, 07 Jun 2022 00:00:00 +0530 Thu, 16 Jun 2022 09:13:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423822 The ITAT dismissed the appellant's appeal, upholding the denial of exemption under Section 11 and the addition of accrued interest. However, the ITAT allowed the claim for depreciation on fixed assets and directed the AO to consider the basic exemption claim appropriately. Case-Laws Income Tax Tue, 07 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423822