https://www.taxtmi.com/caselaws?id=254053 The Assessee Trust was granted exemption under section 10(23C)(via) by the Tribunal and Commissioner of Income Tax. They confirmed that the Trust complied with legal provisions by obtaining necessary approval during assessment proceedings. The Tribunal also ruled that depreciation claims did not lead to double deductions, supported by precedents. Additionally, corpus donations were deemed properly treated, with approval under section 10(23C)(via) covering relevant donations. The High Court upheld these decisions, dismissing the Revenue's appeal as no substantial legal question arose, and no costs were awarded. en-us Thu, 27 Nov 2014 00:00:00 +0530 Thu, 11 Dec 2014 05:57:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254053 The Assessee Trust was granted exemption under section 10(23C)(via) by the Tribunal and Commissioner of Income Tax. They confirmed that the Trust complied with legal provisions by obtaining necessary approval during assessment proceedings. The Tribunal also ruled that depreciation claims did not lead to double deductions, supported by precedents. Additionally, corpus donations were deemed properly treated, with approval under section 10(23C)(via) covering relevant donations. The High Court upheld these decisions, dismissing the Revenue's appeal as no substantial legal question arose, and no costs were awarded. Case-Laws Income Tax Thu, 27 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254053