https://www.taxtmi.com/caselaws?id=373629 The ITAT ruled in favor of the assessee, determining that surplus from hostel and transport activities should not be classified as business income. The ITAT found that these activities were integral to the educational institution's mission and not separate business operations. Citing precedent cases, the ITAT emphasized the incidental nature of hostel and transport facilities in the context of educational activities, ultimately allowing the appeal in favor of the assessee. en-us Wed, 09 Jan 2019 00:00:00 +0530 Thu, 17 Jan 2019 08:13:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373629 The ITAT ruled in favor of the assessee, determining that surplus from hostel and transport activities should not be classified as business income. The ITAT found that these activities were integral to the educational institution's mission and not separate business operations. Citing precedent cases, the ITAT emphasized the incidental nature of hostel and transport facilities in the context of educational activities, ultimately allowing the appeal in favor of the assessee. Case-Laws Income Tax Wed, 09 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373629