https://www.taxtmi.com/caselaws?id=469373 An educational institution may retain exemption under section 10(23C)(vi) where its coaching or short-term preparatory courses remain incidental to a primary educational purpose and income is applied for education without private gain; the coaching receipts did not, by themselves, defeat eligibility. Section 11(6) was treated as prospective, so depreciation on the opening block of assets could not be denied retrospectively where no post-amendment acquisition was involved; the depreciation claim was allowed. A later-year receipt from sale of library books was not taxable again when the sale had already been adjusted in an earlier year; the addition was deleted. The article states that the assessee succeeded on all substantive issues. 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 An educational institution may retain exemption under section 10(23C)(vi) where its coaching or short-term preparatory courses remain incidental to a primary educational purpose and income is applied for education without private gain; the coaching receipts did not, by themselves, defeat eligibility. Section 11(6) was treated as prospective, so depreciation on the opening block of assets could not be denied retrospectively where no post-amendment acquisition was involved; the depreciation claim was allowed. A later-year receipt from sale of library books was not taxable again when the sale had already been adjusted in an earlier year; the addition was deleted. The article states that the assessee succeeded on all substantive issues. Case-Laws Income Tax Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469373