https://www.taxtmi.com/caselaws?id=429009 The Tribunal upheld the decision of the Ld. Commissioner of Income Tax (Appeals) in treating a donation as a corpus fund for a charitable institution, emphasizing the importance of specific directions from the donor. Additionally, the Tribunal supported the allowance of carry forward of unabsorbed expenditure and depreciation, based on legal precedents and judicial decisions. The Tribunal dismissed the Revenue's appeal and the Cross Objection filed by the assessee, affirming the decisions made by the Ld. CIT(A) on both issues. en-us Thu, 13 Oct 2022 00:00:00 +0530 Sat, 15 Oct 2022 10:45:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429009 The Tribunal upheld the decision of the Ld. Commissioner of Income Tax (Appeals) in treating a donation as a corpus fund for a charitable institution, emphasizing the importance of specific directions from the donor. Additionally, the Tribunal supported the allowance of carry forward of unabsorbed expenditure and depreciation, based on legal precedents and judicial decisions. The Tribunal dismissed the Revenue's appeal and the Cross Objection filed by the assessee, affirming the decisions made by the Ld. CIT(A) on both issues. Case-Laws Income Tax Thu, 13 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429009