https://www.taxtmi.com/caselaws?id=241224 The Tribunal quashed the order passed under Section 263 by the DIT (E), allowing the appeal filed by the assessee. The decision was based on the established legal position that depreciation should be allowed while computing the income of a charitable trust under Section 11, preserving the corpus of the Trust without constituting double deduction. en-us Wed, 09 Oct 2013 00:00:00 +0530 Thu, 19 Dec 2013 06:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241224 The Tribunal quashed the order passed under Section 263 by the DIT (E), allowing the appeal filed by the assessee. The decision was based on the established legal position that depreciation should be allowed while computing the income of a charitable trust under Section 11, preserving the corpus of the Trust without constituting double deduction. Case-Laws Income Tax Wed, 09 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241224