https://www.taxtmi.com/caselaws?id=330696 The Tribunal dismissed the appeal, affirming that income from the auditorium is taxable as business income and not exempt under Section 11. The claim for depreciation on assets previously considered as application of income was also denied. The decision was in line with the CIT(A)'s ruling, emphasizing that the auditorium's commercial activities did not align with the trust's charitable objectives. en-us Wed, 29 Jun 2016 00:00:00 +0530 Wed, 03 Aug 2016 11:10:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330696 The Tribunal dismissed the appeal, affirming that income from the auditorium is taxable as business income and not exempt under Section 11. The claim for depreciation on assets previously considered as application of income was also denied. The decision was in line with the CIT(A)'s ruling, emphasizing that the auditorium's commercial activities did not align with the trust's charitable objectives. Case-Laws Income Tax Wed, 29 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330696