https://www.taxtmi.com/caselaws?id=448448 ITAT Chandigarh held that the original assessment order validly applied sections 11 and 12 of the Income Tax Act and merged with the CIT(A)'s confirmatory order under the doctrine of merger. The tribunal rejected the department's contention that the assessment was void ab-initio due to alleged inadvertent reference to sections 11 and 12. For an educational institution approved under section 10(23C)(vi), the tribunal deleted additions made by invoking sections 11 and 12, ruled that tied-up government grants constituted grant-in-aid and were exempt from tax, and allowed depreciation as the assessee had not claimed asset acquisition as application of income under section 11. en-us Thu, 04 Jan 2024 00:00:00 +0530 Mon, 16 Dec 2024 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448448 ITAT Chandigarh held that the original assessment order validly applied sections 11 and 12 of the Income Tax Act and merged with the CIT(A)'s confirmatory order under the doctrine of merger. The tribunal rejected the department's contention that the assessment was void ab-initio due to alleged inadvertent reference to sections 11 and 12. For an educational institution approved under section 10(23C)(vi), the tribunal deleted additions made by invoking sections 11 and 12, ruled that tied-up government grants constituted grant-in-aid and were exempt from tax, and allowed depreciation as the assessee had not claimed asset acquisition as application of income under section 11. Case-Laws Income Tax Thu, 04 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448448