https://www.taxtmi.com/caselaws?id=270068 The Tribunal upheld the exemption under Section 11 for the assessee as a charitable institution, determining that its activities were not commercial in nature but aligned with its charitable objectives. However, the Tribunal ruled that depreciation under Section 32 was not applicable to charitable activities, overturning the CIT(Appeals)' decision. Consequently, the Revenue's appeal was partially successful. en-us Fri, 18 Dec 2015 00:00:00 +0530 Mon, 28 Dec 2015 09:54:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270068 The Tribunal upheld the exemption under Section 11 for the assessee as a charitable institution, determining that its activities were not commercial in nature but aligned with its charitable objectives. However, the Tribunal ruled that depreciation under Section 32 was not applicable to charitable activities, overturning the CIT(Appeals)' decision. Consequently, the Revenue's appeal was partially successful. Case-Laws Income Tax Fri, 18 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270068