https://www.taxtmi.com/acts?id=18634 Where income must be applied, accumulated, or set apart for application, such income shall be determined without any deduction or allowance by way of depreciation or otherwise in respect of any asset whose acquisition has been claimed as an application of income; and where a registered trust or institution holds registration in force for a previous year, most exclusions under the general exclusion provision shall not exclude income derived from property held under trust from the total income of the person receiving it. en-us Fri, 11 Jul 2014 15:32:44 +0530 Fri, 11 Jul 2014 15:32:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18634 Where income must be applied, accumulated, or set apart for application, such income shall be determined without any deduction or allowance by way of depreciation or otherwise in respect of any asset whose acquisition has been claimed as an application of income; and where a registered trust or institution holds registration in force for a previous year, most exclusions under the general exclusion provision shall not exclude income derived from property held under trust from the total income of the person receiving it. Act-Rules Bills Fri, 11 Jul 2014 15:32:44 +0530 https://www.taxtmi.com/acts?id=18634