Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2016 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (8) TMI 1430 - HC - Income TaxAccumulation of income u/s 11(1)(a) - depreciation on the assets the cost of which has been fully allowed as application of income under section 11 in the past years - HELD THAT:- Issue raised herein stands concluded against the appellant - revenue and in favour of the respondent – assessee that by decision of this Court in CIT Vs. Institute of Banking Personnel Services [2003 (7) TMI 52 - BOMBAY HIGH COURT]. In fact the impugned order of the Tribunal placed reliance upon the aforesaid decision of this Court to dismiss the revenue's appeal before it. In the above view as the impugned order has followed the binding decision of this Court, no substantial question of law arises for our consideration.
|