https://www.taxtmi.com/caselaws?id=325278 The court ruled in favor of the charitable institutions, allowing depreciation under Section 11 of the Income Tax Act. It held that such allowance does not constitute double deduction. Additionally, the court determined that Section 11(6) applies prospectively from the assessment year 2015-16, dismissing the revenue's appeals. en-us Mon, 22 Feb 2016 00:00:00 +0530 Tue, 29 Nov 2016 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325278 The court ruled in favor of the charitable institutions, allowing depreciation under Section 11 of the Income Tax Act. It held that such allowance does not constitute double deduction. Additionally, the court determined that Section 11(6) applies prospectively from the assessment year 2015-16, dismissing the revenue's appeals. Case-Laws Income Tax Mon, 22 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325278