https://www.taxtmi.com/caselaws?id=258587 The ITAT Delhi upheld the CIT(A)'s decision in favor of the assessee, dismissing the Revenue's appeal regarding the allowance of double deduction for the value of assets claimed as application of income. The ITAT also affirmed the CIT(A)'s decision on the allowance of depreciation and set off for the same amount, citing relevant case laws and judgments, particularly relying on the Delhi High Court's ruling in the case of Vishwa Jagriti Mission. en-us Mon, 09 Mar 2015 00:00:00 +0530 Wed, 15 Apr 2015 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258587 The ITAT Delhi upheld the CIT(A)'s decision in favor of the assessee, dismissing the Revenue's appeal regarding the allowance of double deduction for the value of assets claimed as application of income. The ITAT also affirmed the CIT(A)'s decision on the allowance of depreciation and set off for the same amount, citing relevant case laws and judgments, particularly relying on the Delhi High Court's ruling in the case of Vishwa Jagriti Mission. Case-Laws Income Tax Mon, 09 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258587