https://www.taxtmi.com/caselaws?id=180764 The Revenue's appeal against the order of ld. CIT(A) regarding the disallowance of depreciation for a charitable trust was dismissed by the Hon'ble Gujarat High Court. The court upheld the Tribunal's decision allowing depreciation and deductions, citing previous rulings and legal interpretations in favor of the assessee. The issue of double deduction and the eligibility of a charitable trust for depreciation u/s 32 were addressed, with the court affirming the trust's entitlement to the claimed benefits. en-us Thu, 24 Jan 2013 00:00:00 +0530 Fri, 01 Apr 2016 11:47:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180764 The Revenue's appeal against the order of ld. CIT(A) regarding the disallowance of depreciation for a charitable trust was dismissed by the Hon'ble Gujarat High Court. The court upheld the Tribunal's decision allowing depreciation and deductions, citing previous rulings and legal interpretations in favor of the assessee. The issue of double deduction and the eligibility of a charitable trust for depreciation u/s 32 were addressed, with the court affirming the trust's entitlement to the claimed benefits. Case-Laws Income Tax Thu, 24 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180764