https://www.taxtmi.com/caselaws?id=276175 The Tribunal allowed the appeal, ruling in favor of the assessee on all issues. It determined that the hostel facility is integral to education, entitling the assessee to exemption under sections 11-12. Additionally, the disallowance of depreciation was overturned, allowing the assessee to claim depreciation on capital assets used for business purposes. en-us Fri, 10 Feb 2017 00:00:00 +0530 Thu, 01 Nov 2018 13:50:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276175 The Tribunal allowed the appeal, ruling in favor of the assessee on all issues. It determined that the hostel facility is integral to education, entitling the assessee to exemption under sections 11-12. Additionally, the disallowance of depreciation was overturned, allowing the assessee to claim depreciation on capital assets used for business purposes. Case-Laws Income Tax Fri, 10 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276175