2014 (4) TMI 749

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... findings with respect to violation of Section 11 (4) and 11 (4A) of the Act. Deduction for legitimate expenses and depreciation – Held that:- No findings were recorded by the CIT(A) with respect to the permissible heads of expenditure including depreciation - The Tribunal merely set aside the order of the CIT (A) having regard to the findings of the Court in the previous years – thus, the matte .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... and was, therefore, not entitled to claim exemption. In these circumstances, the Court is of the opinion that there is no reason to interfere with the findings of the Tribunal in the impugned order so far as the question of entitlement to the benefit of exemption under Section 11 is concerned. Likewise, there is no error in the findings with respect to violation of Section 11 (4) and 11 (4A) of t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X