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of <h1>Revenue's Appeal Dismissed on Fixed Asset Depreciation for Charitable Trust</h1> <h3>The Commissioner of Income Tax Versus Market Committee, Bhuna.</h3> The Commissioner of Income Tax Versus Market Committee, Bhuna. - TMI The High Court dismissed the appeal by the revenue regarding the allowance of depreciation on fixed assets for a charitable trust/institution for the assessment year 2004-05. The matter was previously decided against the revenue in a similar case. The appeals were dismissed and a copy of the order was to be placed in the file of other connected cases.
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