https://www.taxtmi.com/caselaws?id=179192 The appeal by the Revenue, challenging the allowance of depreciation on immovable property funded by exempted funds for A.Y. 2006-07, was dismissed. The CIT(A) decision to allow the depreciation claim for a charitable trust running a hospital was upheld by the Appellate Tribunal, citing previous judgments and the High Court decision that depreciation is permissible on assets fully allowed as application of income in past years. en-us Wed, 30 Nov 2011 00:00:00 +0530 Mon, 22 Feb 2016 18:12:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179192 The appeal by the Revenue, challenging the allowance of depreciation on immovable property funded by exempted funds for A.Y. 2006-07, was dismissed. The CIT(A) decision to allow the depreciation claim for a charitable trust running a hospital was upheld by the Appellate Tribunal, citing previous judgments and the High Court decision that depreciation is permissible on assets fully allowed as application of income in past years. Case-Laws Income Tax Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179192