https://www.taxtmi.com/caselaws?id=261898 The Tribunal ruled in favor of the charitable trust, allowing depreciation on assets claimed as capital expenditure and permitting the trust to carry forward excess expenditure for setting off against future income. The decision was based on the necessity of depreciation for computing income of charitable institutions and the application of income for charitable purposes through adjusting excess expenditure against future income. The Tribunal's analysis aligned with previous High Court decisions and legal principles, ultimately supporting the trust's claims and emphasizing the importance of maintaining the trust's corpus. en-us Thu, 11 Jun 2015 00:00:00 +0530 Thu, 09 Apr 2026 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261898 The Tribunal ruled in favor of the charitable trust, allowing depreciation on assets claimed as capital expenditure and permitting the trust to carry forward excess expenditure for setting off against future income. The decision was based on the necessity of depreciation for computing income of charitable institutions and the application of income for charitable purposes through adjusting excess expenditure against future income. The Tribunal's analysis aligned with previous High Court decisions and legal principles, ultimately supporting the trust's claims and emphasizing the importance of maintaining the trust's corpus. Case-Laws Income Tax Thu, 11 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261898