https://www.taxtmi.com/caselaws?id=214487 The Tribunal ruled that the trust, primarily engaged in allopathic medical activities deviating from its original objects of promoting Ayurvedic medicine, was not entitled to exemption under sections 11 and 12 of the Income-tax Act. Income and expenditure from allopathic medical relief had to be segregated. Regarding depreciation on fixed assets, the Tribunal allowed it for Ayurvedic activities but not for allopathic activities, following different legal precedents. The appeal was partly allowed, denying exemption for allopathic income and disallowing depreciation on assets used for allopathic medical relief. en-us Fri, 03 Feb 2012 00:00:00 +0530 Wed, 04 Jul 2012 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214487 The Tribunal ruled that the trust, primarily engaged in allopathic medical activities deviating from its original objects of promoting Ayurvedic medicine, was not entitled to exemption under sections 11 and 12 of the Income-tax Act. Income and expenditure from allopathic medical relief had to be segregated. Regarding depreciation on fixed assets, the Tribunal allowed it for Ayurvedic activities but not for allopathic activities, following different legal precedents. The appeal was partly allowed, denying exemption for allopathic income and disallowing depreciation on assets used for allopathic medical relief. Case-Laws Income Tax Fri, 03 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214487