https://www.taxtmi.com/caselaws?id=379555 The Tribunal ruled in favor of the assessee, a charitable education society, on various grounds including the exemption of income from hostel and transport facilities under Section 11. It held that these facilities were integral to the educational activities and not independent business ventures. The Tribunal also allowed the claim for depreciation, emphasizing that it should be permitted even if full expenditure on assets had been claimed earlier. The Tribunal overturned the disallowances made by the Assessing Officer and upheld the assessee's position in most aspects of the case. en-us Tue, 30 Apr 2019 00:00:00 +0530 Fri, 03 May 2019 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379555 The Tribunal ruled in favor of the assessee, a charitable education society, on various grounds including the exemption of income from hostel and transport facilities under Section 11. It held that these facilities were integral to the educational activities and not independent business ventures. The Tribunal also allowed the claim for depreciation, emphasizing that it should be permitted even if full expenditure on assets had been claimed earlier. The Tribunal overturned the disallowances made by the Assessing Officer and upheld the assessee's position in most aspects of the case. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379555