https://www.taxtmi.com/caselaws?id=308737 The Appellate Tribunal ruled in favor of the appellant on all primary issues raised by the Revenue. The Tribunal upheld the appellant's eligibility for exemptions under sections 11 & 12 of the Income Tax Act, allowed the claim of depreciation, considered recent High Court decisions, and permitted the treatment of accumulated funds under section 11(2). The Tribunal's decision was based on legal precedents, resulting in the dismissal of the Revenue's appeal in its entirety. en-us Wed, 16 Jan 2019 00:00:00 +0530 Mon, 17 Jul 2023 21:53:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308737 The Appellate Tribunal ruled in favor of the appellant on all primary issues raised by the Revenue. The Tribunal upheld the appellant's eligibility for exemptions under sections 11 & 12 of the Income Tax Act, allowed the claim of depreciation, considered recent High Court decisions, and permitted the treatment of accumulated funds under section 11(2). The Tribunal's decision was based on legal precedents, resulting in the dismissal of the Revenue's appeal in its entirety. Case-Laws Income Tax Wed, 16 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308737