https://www.taxtmi.com/caselaws?id=267836 The ITAT Delhi allowed the appeal of the assessee, permitting the accumulation of income for trust purposes and directing the allowance of depreciation claimed by the trust. The decision was based on the trust's specific objects related to promoting the fashion industry and legal precedent supporting the deduction of depreciation for charitable trusts. en-us Fri, 30 Oct 2015 00:00:00 +0530 Mon, 16 Nov 2015 01:24:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267836 The ITAT Delhi allowed the appeal of the assessee, permitting the accumulation of income for trust purposes and directing the allowance of depreciation claimed by the trust. The decision was based on the trust's specific objects related to promoting the fashion industry and legal precedent supporting the deduction of depreciation for charitable trusts. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267836