https://www.taxtmi.com/caselaws?id=333948 The Tribunal upheld the CIT(A)'s decision, denying exemption under section 11 for hostel activities due to the failure to maintain separate books of accounts. The disallowance of Rs. 34,88,089/- in hostel expenses was upheld as the assessee couldn't substantiate its claim without separate accounts. The appeal was dismissed, affirming the CIT(A)'s order. en-us Wed, 21 Sep 2016 00:00:00 +0530 Fri, 28 Oct 2016 14:12:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333948 The Tribunal upheld the CIT(A)'s decision, denying exemption under section 11 for hostel activities due to the failure to maintain separate books of accounts. The disallowance of Rs. 34,88,089/- in hostel expenses was upheld as the assessee couldn't substantiate its claim without separate accounts. The appeal was dismissed, affirming the CIT(A)'s order. Case-Laws Income Tax Wed, 21 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333948