https://www.taxtmi.com/caselaws?id=431280 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decisions on all grounds. The Tribunal confirmed the application of taxes paid as income, exemptions under sections 11 & 12, depreciation on capital assets, and expenditure of earmarked funds. It found that the assessee's income should be computed in line with sections 11 to 13, including the benefits of section 11(1)(a) and section 11(2). en-us Wed, 07 Dec 2022 00:00:00 +0530 Fri, 09 Dec 2022 10:01:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431280 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decisions on all grounds. The Tribunal confirmed the application of taxes paid as income, exemptions under sections 11 & 12, depreciation on capital assets, and expenditure of earmarked funds. It found that the assessee's income should be computed in line with sections 11 to 13, including the benefits of section 11(1)(a) and section 11(2). Case-Laws Income Tax Wed, 07 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431280