https://www.taxtmi.com/caselaws?id=308885 The judgment upheld the Tribunal's decisions on various issues, including allowing depreciation and deductions for contributions made by the Assessee, justifying double deduction on depreciation, restoring the issue for set off of unabsorbed depreciation and losses, directing adjustment of excess income application, and permitting payment to the Haryana Agriculture Marketing Board as charitable purposes. The appeals were dismissed, emphasizing that adjusting excess expenditure from an earlier year qualifies as income application under Section 11 of the Act, consistent with legal precedents. en-us Wed, 28 Jul 2010 00:00:00 +0530 Sat, 29 Jul 2023 12:51:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308885 The judgment upheld the Tribunal's decisions on various issues, including allowing depreciation and deductions for contributions made by the Assessee, justifying double deduction on depreciation, restoring the issue for set off of unabsorbed depreciation and losses, directing adjustment of excess income application, and permitting payment to the Haryana Agriculture Marketing Board as charitable purposes. The appeals were dismissed, emphasizing that adjusting excess expenditure from an earlier year qualifies as income application under Section 11 of the Act, consistent with legal precedents. Case-Laws Income Tax Wed, 28 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308885