https://www.taxtmi.com/caselaws?id=179130 The Tribunal upheld the assessee's claim for depreciation, emphasizing that depreciation should be allowed even when income is computed under section 11 of the Income Tax Act. The decision was based on previous tribunal rulings and High Court judgments supporting the allowance of depreciation for assets used for the society's purposes. The Tribunal set aside the order disallowing depreciation and directed the Assessing Officer to allow depreciation on the written down value of the assets. en-us Fri, 29 Jun 2012 00:00:00 +0530 Fri, 16 Jun 2017 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179130 The Tribunal upheld the assessee's claim for depreciation, emphasizing that depreciation should be allowed even when income is computed under section 11 of the Income Tax Act. The decision was based on previous tribunal rulings and High Court judgments supporting the allowance of depreciation for assets used for the society's purposes. The Tribunal set aside the order disallowing depreciation and directed the Assessing Officer to allow depreciation on the written down value of the assets. Case-Laws Income Tax Fri, 29 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179130