https://www.taxtmi.com/caselaws?id=330214 The Tribunal partially allowed the assessee's appeal, directing the AO to grant exemption under section 11 of the Income Tax Act as the activities were deemed incidental to the primary charitable purpose. The denial of depreciation was upheld, with the Tribunal clarifying that depreciation cannot be claimed if the cost of assets was already treated as an application of income in previous years. The AO was instructed to verify this aspect for future assessment. en-us Wed, 06 Jul 2016 00:00:00 +0530 Wed, 13 Jul 2016 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330214 The Tribunal partially allowed the assessee's appeal, directing the AO to grant exemption under section 11 of the Income Tax Act as the activities were deemed incidental to the primary charitable purpose. The denial of depreciation was upheld, with the Tribunal clarifying that depreciation cannot be claimed if the cost of assets was already treated as an application of income in previous years. The AO was instructed to verify this aspect for future assessment. Case-Laws Income Tax Wed, 06 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330214