https://www.taxtmi.com/caselaws?id=272946 The Tribunal allowed both appeals filed by the assessee for the Assessment Years 2010-11 and 2011-12. It concluded that the hostel facilities provided to college students were part of the educational activities and not a separate business. Therefore, the requirement to maintain separate books of account under Section 11(4A) was deemed inapplicable. Additionally, the Tribunal ruled in favor of the assessee regarding the disallowance of depreciation claimed, directing the AO to delete the disallowance. en-us Fri, 24 Nov 2017 00:00:00 +0530 Sat, 26 May 2018 07:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272946 The Tribunal allowed both appeals filed by the assessee for the Assessment Years 2010-11 and 2011-12. It concluded that the hostel facilities provided to college students were part of the educational activities and not a separate business. Therefore, the requirement to maintain separate books of account under Section 11(4A) was deemed inapplicable. Additionally, the Tribunal ruled in favor of the assessee regarding the disallowance of depreciation claimed, directing the AO to delete the disallowance. Case-Laws Income Tax Fri, 24 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272946