https://www.taxtmi.com/caselaws?id=267781 The Tribunal allowed the appeals of the assessee, determining that depreciation on fixed assets should be allowed even if the cost was claimed as application of income in previous years. Additionally, advance fees received for the next academic session should not be treated as income for the current assessment year, and the CIT(A)'s enhancement of the assessment without due process was deemed unsustainable. en-us Wed, 30 Sep 2015 00:00:00 +0530 Sat, 14 Nov 2015 12:16:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267781 The Tribunal allowed the appeals of the assessee, determining that depreciation on fixed assets should be allowed even if the cost was claimed as application of income in previous years. Additionally, advance fees received for the next academic session should not be treated as income for the current assessment year, and the CIT(A)'s enhancement of the assessment without due process was deemed unsustainable. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267781