https://www.taxtmi.com/caselaws?id=327564 The Tribunal dismissed the appeals of the assessee, upholding the lower authorities' decision that income from running community halls, kalyanamandapam, and a funeral ceremony hall constituted business income, not eligible for exemption under Sections 11 and 12 of the Income Tax Act. The Tribunal ruled that these activities were not incidental to the trust's objectives, and depreciation on assets was not allowed as the cost had been considered in previous assessments for exemption under Section 11. en-us Wed, 06 Apr 2016 00:00:00 +0530 Fri, 13 May 2016 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327564 The Tribunal dismissed the appeals of the assessee, upholding the lower authorities' decision that income from running community halls, kalyanamandapam, and a funeral ceremony hall constituted business income, not eligible for exemption under Sections 11 and 12 of the Income Tax Act. The Tribunal ruled that these activities were not incidental to the trust's objectives, and depreciation on assets was not allowed as the cost had been considered in previous assessments for exemption under Section 11. Case-Laws Income Tax Wed, 06 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327564