https://www.taxtmi.com/caselaws?id=180126 The Tribunal allowed the appeal of the trust, directing the Assessing Officer to permit the deduction for depreciation of Rs. 57,09,195. The decision was based on precedents establishing that depreciation on assets, fully allowed as an application of income under Section 11, could still be claimed. The Tribunal found no contrary material or higher court orders presented by the Revenue, leading to the allowance of the appeal without any other grounds being argued. en-us Fri, 11 May 2012 00:00:00 +0530 Mon, 19 Jun 2017 18:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180126 The Tribunal allowed the appeal of the trust, directing the Assessing Officer to permit the deduction for depreciation of Rs. 57,09,195. The decision was based on precedents establishing that depreciation on assets, fully allowed as an application of income under Section 11, could still be claimed. The Tribunal found no contrary material or higher court orders presented by the Revenue, leading to the allowance of the appeal without any other grounds being argued. Case-Laws Income Tax Fri, 11 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180126