https://www.taxtmi.com/caselaws?id=202247 The HC held that a charitable trust may deduct depreciation when determining the percentage of income applied to charitable objects under section 11; this deduction does not amount to an impermissible double benefit. The court found the trust was not claiming double deductions and distinguished contrary Supreme Court authority on its facts. Consequently the questions were decided against the Revenue and in favour of the trust, and the Revenue's appeal was dismissed. en-us Mon, 05 Jul 2010 00:00:00 +0530 Tue, 18 Nov 2025 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202247 The HC held that a charitable trust may deduct depreciation when determining the percentage of income applied to charitable objects under section 11; this deduction does not amount to an impermissible double benefit. The court found the trust was not claiming double deductions and distinguished contrary Supreme Court authority on its facts. Consequently the questions were decided against the Revenue and in favour of the trust, and the Revenue's appeal was dismissed. Case-Laws Income Tax Mon, 05 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202247