https://www.taxtmi.com/caselaws?id=431131 The reassessments for the assessment years 2008-09, 2009-10, and 2010-11 were quashed as the reasons for reopening were found unjustified. For the assessment year 2013-14, the Tribunal ruled in favor of the assessee by allowing the computation of 15% accumulation on gross receipts, treating certain contributions as corpus donations, and permitting the carry forward of excess application from earlier years. The disallowance of contributions and donations was dismissed due to lack of arguments presented. en-us Wed, 14 Sep 2022 00:00:00 +0530 Tue, 06 Dec 2022 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431131 The reassessments for the assessment years 2008-09, 2009-10, and 2010-11 were quashed as the reasons for reopening were found unjustified. For the assessment year 2013-14, the Tribunal ruled in favor of the assessee by allowing the computation of 15% accumulation on gross receipts, treating certain contributions as corpus donations, and permitting the carry forward of excess application from earlier years. The disallowance of contributions and donations was dismissed due to lack of arguments presented. Case-Laws Income Tax Wed, 14 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431131