https://www.taxtmi.com/caselaws?id=182257 The Tribunal upheld the decision of the ld. CIT(A) and dismissed the Revenue's appeal regarding the allowability of depreciation on fixed assets for a public charitable trust, emphasizing the principle of adopting the interpretation favoring the assessee in case of conflicting judicial precedents. The Tribunal found no infirmity in the order passed by the ld. CIT(A) and noted the lack of material provided by the Revenue to show modification or reversal of the Tribunal's decision by higher courts. en-us Fri, 12 Dec 2014 00:00:00 +0530 Fri, 06 May 2016 11:48:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182257 The Tribunal upheld the decision of the ld. CIT(A) and dismissed the Revenue's appeal regarding the allowability of depreciation on fixed assets for a public charitable trust, emphasizing the principle of adopting the interpretation favoring the assessee in case of conflicting judicial precedents. The Tribunal found no infirmity in the order passed by the ld. CIT(A) and noted the lack of material provided by the Revenue to show modification or reversal of the Tribunal's decision by higher courts. Case-Laws Income Tax Fri, 12 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182257