https://www.taxtmi.com/caselaws?id=381216 The ITAT Delhi allowed the assessee's appeal, deleting the disallowed depreciation of Rs. 1,41,86,961 citing relevant legal precedents. Additionally, the addition of Rs. 24,98,271 from the hostel business was also deleted as the hostel facility was deemed incidental to the educational objective. The Revenue's appeal for the deletion of Rs. 25,24,959 was dismissed due to falling below the tax effect limit set by CBDT Circular No.3/2018. Ultimately, the ITAT upheld the assessee's appeal and dismissed the Revenue's appeal, setting aside the lower authorities' orders and deleting the contested additions. en-us Mon, 03 Jun 2019 00:00:00 +0530 Wed, 05 Jun 2019 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381216 The ITAT Delhi allowed the assessee's appeal, deleting the disallowed depreciation of Rs. 1,41,86,961 citing relevant legal precedents. Additionally, the addition of Rs. 24,98,271 from the hostel business was also deleted as the hostel facility was deemed incidental to the educational objective. The Revenue's appeal for the deletion of Rs. 25,24,959 was dismissed due to falling below the tax effect limit set by CBDT Circular No.3/2018. Ultimately, the ITAT upheld the assessee's appeal and dismissed the Revenue's appeal, setting aside the lower authorities' orders and deleting the contested additions. Case-Laws Income Tax Mon, 03 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381216