https://www.taxtmi.com/caselaws?id=369776 The Tribunal ruled in favor of the appellant, directing the deletion of additions made by lower authorities. It held that the surplus from hostel activities was not separate business income but part of educational activities. Additionally, depreciation disallowance on capital assets was overturned based on legal precedent. The Tribunal found that the hostel and transport facilities were integral to education, not standalone ventures. The appellant's arguments and legal precedents supported the decision to allow the appeal, rejecting the Assessing Officer's assessments. en-us Mon, 29 Oct 2018 00:00:00 +0530 Fri, 02 Nov 2018 13:45:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369776 The Tribunal ruled in favor of the appellant, directing the deletion of additions made by lower authorities. It held that the surplus from hostel activities was not separate business income but part of educational activities. Additionally, depreciation disallowance on capital assets was overturned based on legal precedent. The Tribunal found that the hostel and transport facilities were integral to education, not standalone ventures. The appellant's arguments and legal precedents supported the decision to allow the appeal, rejecting the Assessing Officer's assessments. Case-Laws Income Tax Mon, 29 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369776