https://www.taxtmi.com/caselaws?id=385915 The Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeal, upholding the lower authorities' findings that the assessee's activities were charitable and not commercial. The ITAT affirmed the entitlement of the assessee to claim exemption under Section 10(23C)(iv) of the Income Tax Act. Additionally, the ITAT upheld the allowance of full depreciation on fixed assets, rejecting the argument of double deduction. The decision was supported by past judicial precedents and the assessee's consistent charitable status. en-us Fri, 13 Sep 2019 00:00:00 +0530 Tue, 17 Sep 2019 11:14:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385915 The Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeal, upholding the lower authorities' findings that the assessee's activities were charitable and not commercial. The ITAT affirmed the entitlement of the assessee to claim exemption under Section 10(23C)(iv) of the Income Tax Act. Additionally, the ITAT upheld the allowance of full depreciation on fixed assets, rejecting the argument of double deduction. The decision was supported by past judicial precedents and the assessee's consistent charitable status. Case-Laws Income Tax Fri, 13 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385915