https://www.taxtmi.com/caselaws?id=469373 Educational institutions may retain exemption under section 10(23C)(vi) while conducting structured coaching or short-term preparatory courses, provided they exist solely for educational purposes, do not operate for profit, and apply income to education without private diversion. Registration under section 12A may support charitable character but does not replace the conditions for this exemption. The restriction on depreciation under section 11(6) applies prospectively and does not deny depreciation on an opening block of assets where no new assets were acquired after its effective date. Sale proceeds of library books already adjusted against the asset block in an earlier year cannot be taxed again merely upon later receipt. en-us Wed, 05 Mar 2025 00:00:00 +0530 Mon, 15 Jun 2026 23:25:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469373 Educational institutions may retain exemption under section 10(23C)(vi) while conducting structured coaching or short-term preparatory courses, provided they exist solely for educational purposes, do not operate for profit, and apply income to education without private diversion. Registration under section 12A may support charitable character but does not replace the conditions for this exemption. The restriction on depreciation under section 11(6) applies prospectively and does not deny depreciation on an opening block of assets where no new assets were acquired after its effective date. Sale proceeds of library books already adjusted against the asset block in an earlier year cannot be taxed again merely upon later receipt. Case-Laws Income Tax Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469373