https://www.taxtmi.com/caselaws?id=158399 The Tribunal dismissed the appeal against the disallowance of depreciation allowance under sec.11 of the IT Act, emphasizing that depreciation must be deducted to determine income available for charitable and religious purposes. However, the appeal regarding the applicability of sec.40(a)(ia) for computing income u/s 11 was allowed, as the Tribunal held that expenses cannot be disallowed solely based on this provision and income from trust should be understood in a commercial sense. en-us Fri, 29 Jan 2010 00:00:00 +0530 Thu, 24 Oct 2013 11:18:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158399 The Tribunal dismissed the appeal against the disallowance of depreciation allowance under sec.11 of the IT Act, emphasizing that depreciation must be deducted to determine income available for charitable and religious purposes. However, the appeal regarding the applicability of sec.40(a)(ia) for computing income u/s 11 was allowed, as the Tribunal held that expenses cannot be disallowed solely based on this provision and income from trust should be understood in a commercial sense. Case-Laws Income Tax Fri, 29 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158399