https://www.taxtmi.com/caselaws?id=357376 The Tribunal allowed the appeals for Assessment Years (AY) 2008-09 to 2010-11, ruling that additions under Section 153A were invalid due to the absence of incriminating material. The income from hostel activities was deemed exempt under Section 11 as it was integral to educational objectives. Additionally, the disallowance of depreciation on assets was overturned, permitting the claim despite the assets' cost being previously treated as income application. en-us Mon, 19 Mar 2018 00:00:00 +0530 Thu, 22 Mar 2018 08:36:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357376 The Tribunal allowed the appeals for Assessment Years (AY) 2008-09 to 2010-11, ruling that additions under Section 153A were invalid due to the absence of incriminating material. The income from hostel activities was deemed exempt under Section 11 as it was integral to educational objectives. Additionally, the disallowance of depreciation on assets was overturned, permitting the claim despite the assets' cost being previously treated as income application. Case-Laws Income Tax Mon, 19 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357376