https://www.taxtmi.com/caselaws?id=215670 The ITAT allowed the appeal of the assessee, emphasizing the importance of allowing depreciation on assets used by a charitable trust in their activities, even if those assets had been fully accounted for as expenditure or application of fund. The ITAT relied on legal precedents and the principle of preserving the trust's corpus through depreciation provisions. en-us Fri, 15 Jun 2012 00:00:00 +0530 Tue, 14 Aug 2012 06:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215670 The ITAT allowed the appeal of the assessee, emphasizing the importance of allowing depreciation on assets used by a charitable trust in their activities, even if those assets had been fully accounted for as expenditure or application of fund. The ITAT relied on legal precedents and the principle of preserving the trust's corpus through depreciation provisions. Case-Laws Income Tax Fri, 15 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215670