Charitable Trusts: Depreciation Allowed for Income Calculation

The Rajasthan HC held that depreciation of assets owned by a charitable institution/trust is a necessary deduction in computing income, citing a Division Bench judgment. The appeal was dismissed as it did not involve any substantial question of law.

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The Rajasthan High Court held that depreciation of assets owned by a charitable institution/trust is a necessary deduction in computing income. The court cited a Division Bench judgment to support this view. The appeal was dismissed as it did not involve any substantial question of law.

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