https://www.taxtmi.com/caselaws?id=308986 The tribunal upheld the assessee's appeal, granting the benefit of Section 11 and 12 of the Income Tax Act for assessment years 2013-14 and 2014-15. Additionally, the claim of depreciation was allowed based on a decision of the Delhi High Court, and the claim of accumulated funds under Section 11(2) was deemed redundant due to the favorable decision on the primary issue. The tribunal dismissed all grounds of appeal by the Assessing Officer, with the orders pronounced on 04/08/2021. en-us Wed, 04 Aug 2021 00:00:00 +0530 Fri, 04 Aug 2023 21:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308986 The tribunal upheld the assessee's appeal, granting the benefit of Section 11 and 12 of the Income Tax Act for assessment years 2013-14 and 2014-15. Additionally, the claim of depreciation was allowed based on a decision of the Delhi High Court, and the claim of accumulated funds under Section 11(2) was deemed redundant due to the favorable decision on the primary issue. The tribunal dismissed all grounds of appeal by the Assessing Officer, with the orders pronounced on 04/08/2021. Case-Laws Income Tax Wed, 04 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308986