https://www.taxtmi.com/caselaws?id=181647 The Revenue's appeal against the Commissioner of Income-tax (Appeals) for the assessment year 2005-06 was dismissed. The issue revolved around the allowability of depreciation on a capital asset already deducted. The Tribunal ruled in favor of the assessee, citing a previous decision by a coordinate Bench of the Hyderabad Tribunal. It was determined that specific provisions for depreciation were not available for charitable institutions under the relevant section of the Act, leading to the dismissal of the Revenue's appeal. The decision was pronounced on 3.12.2010. en-us Fri, 03 Dec 2010 00:00:00 +0530 Thu, 21 Apr 2016 10:25:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181647 The Revenue's appeal against the Commissioner of Income-tax (Appeals) for the assessment year 2005-06 was dismissed. The issue revolved around the allowability of depreciation on a capital asset already deducted. The Tribunal ruled in favor of the assessee, citing a previous decision by a coordinate Bench of the Hyderabad Tribunal. It was determined that specific provisions for depreciation were not available for charitable institutions under the relevant section of the Act, leading to the dismissal of the Revenue's appeal. The decision was pronounced on 3.12.2010. Case-Laws Income Tax Fri, 03 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181647