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2017 (11) TMI 1650 - AT - Income TaxWhether the hostel facilities provided to college students is educational activity u/s 2(15) or business activity - whether the depreciation shall be allowed to the assessee - Held that:- that providing of hostel facilities and transport facilities to the student and staff member of the educational Institute cannot be considered as business activity but is subservient to the object of educational activities - the hostel and transport facilities is incidental to achieve the object of providing education as per object of the trust - Decided in favor of assessee. Held that:- For the similar reasons that hostel activities are incidental to educational activities deduction of depreciation is allowed - Decision in the case of Krishna Charitable Society Vs. Addl CIT [2017 (9) TMI 1030 - ITAT DELHI] followed. - Decided in favor of assessee.
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