https://www.taxtmi.com/caselaws?id=177586 The Tribunal allowed the assessee's appeal, directing the Assessing Officer to permit the depreciation claim for assets claimed as application. The decision aligned with various High Courts' majority opinion and Delhi High Court's principles, supporting depreciation allowance for charitable institutions to determine income available for charitable purposes. The Tribunal emphasized the necessity of depreciation on depreciable assets to compute income for charitable activities, referencing relevant case laws and judicial opinions favoring depreciation deduction for such entities. en-us Wed, 14 Oct 2015 00:00:00 +0530 Wed, 13 Jan 2016 10:08:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177586 The Tribunal allowed the assessee's appeal, directing the Assessing Officer to permit the depreciation claim for assets claimed as application. The decision aligned with various High Courts' majority opinion and Delhi High Court's principles, supporting depreciation allowance for charitable institutions to determine income available for charitable purposes. The Tribunal emphasized the necessity of depreciation on depreciable assets to compute income for charitable activities, referencing relevant case laws and judicial opinions favoring depreciation deduction for such entities. Case-Laws Income Tax Wed, 14 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177586