https://www.taxtmi.com/caselaws?id=269594 The Tribunal upheld the denial of exemption under Section 11 of the Income Tax Act, 1961, for the assessee, as the activities, including running the newspaper, were deemed commercial and not charitable. The claim for depreciation was allowed for statistical purposes, subject to verification by the AO. The interest income was held taxable under the head "income from other sources." The appeals were allowed for statistical purposes, with directions to compute income in accordance with the law and allow usual deductions under Sections 30 to 38 of the Act. en-us Fri, 06 Nov 2015 00:00:00 +0530 Sat, 18 Jun 2016 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269594 The Tribunal upheld the denial of exemption under Section 11 of the Income Tax Act, 1961, for the assessee, as the activities, including running the newspaper, were deemed commercial and not charitable. The claim for depreciation was allowed for statistical purposes, subject to verification by the AO. The interest income was held taxable under the head "income from other sources." The appeals were allowed for statistical purposes, with directions to compute income in accordance with the law and allow usual deductions under Sections 30 to 38 of the Act. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269594