https://www.taxtmi.com/caselaws?id=68269 The ITAT ruled in favor of the assessee, affirming its status as a charitable institution under Section 2(15) of the IT Act and its eligibility for exemption under Section 11. The Tribunal directed the AO to allow the depreciation claim and upheld the CIT(A)'s decision to treat admission fees as revenue receipts. Both the Revenue's appeals and the assessee's cross-objections were dismissed. en-us Fri, 30 Jun 2006 00:00:00 +0530 Tue, 05 Mar 2024 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68269 The ITAT ruled in favor of the assessee, affirming its status as a charitable institution under Section 2(15) of the IT Act and its eligibility for exemption under Section 11. The Tribunal directed the AO to allow the depreciation claim and upheld the CIT(A)'s decision to treat admission fees as revenue receipts. Both the Revenue's appeals and the assessee's cross-objections were dismissed. Case-Laws Income Tax Fri, 30 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68269