https://www.taxtmi.com/caselaws?id=202259 The Court upheld the Tribunal's decision to allow depreciation for a charitable institution, emphasizing the distinction between income computation and application for charitable purposes. It ruled that granting depreciation did not result in a double benefit as argued by the Revenue, citing precedents to support its decision. The Court dismissed the appeal, holding that the Revenue's contentions did not raise substantial questions of law. en-us Wed, 28 Jul 2010 00:00:00 +0530 Thu, 25 Feb 2016 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202259 The Court upheld the Tribunal's decision to allow depreciation for a charitable institution, emphasizing the distinction between income computation and application for charitable purposes. It ruled that granting depreciation did not result in a double benefit as argued by the Revenue, citing precedents to support its decision. The Court dismissed the appeal, holding that the Revenue's contentions did not raise substantial questions of law. Case-Laws Income Tax Wed, 28 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202259