https://www.taxtmi.com/caselaws?id=260310 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) decision, allowing a charitable trust to claim depreciation on assets previously claimed as capital expenditure and permitting the carry forward of excess expenditure for set-off against income of succeeding years. The ITAT emphasized that such allowances were in line with judicial decisions and amendments, ensuring the preservation of the trust's corpus and supporting charitable activities. en-us Fri, 20 Mar 2015 00:00:00 +0530 Mon, 09 Nov 2015 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260310 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) decision, allowing a charitable trust to claim depreciation on assets previously claimed as capital expenditure and permitting the carry forward of excess expenditure for set-off against income of succeeding years. The ITAT emphasized that such allowances were in line with judicial decisions and amendments, ensuring the preservation of the trust's corpus and supporting charitable activities. Case-Laws Income Tax Fri, 20 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260310