https://www.taxtmi.com/caselaws?id=292753 The Tribunal ruled in favor of the assessee, determining that its primary activities were charitable, including education in music and providing medical relief. Consequently, the assessee was entitled to the benefits of Section 11 of the Income Tax Act. The Tribunal allowed the depreciation claims, aligning with its decision from a previous assessment year, and deemed the rectification application moot due to the favorable outcome of the main appeal. The Tribunal emphasized that the rental income from letting out the hall should be viewed in the context of supporting the assessee's charitable objectives. en-us Fri, 02 Mar 2018 00:00:00 +0530 Wed, 13 Nov 2024 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292753 The Tribunal ruled in favor of the assessee, determining that its primary activities were charitable, including education in music and providing medical relief. Consequently, the assessee was entitled to the benefits of Section 11 of the Income Tax Act. The Tribunal allowed the depreciation claims, aligning with its decision from a previous assessment year, and deemed the rectification application moot due to the favorable outcome of the main appeal. The Tribunal emphasized that the rental income from letting out the hall should be viewed in the context of supporting the assessee's charitable objectives. Case-Laws Income Tax Fri, 02 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292753