https://www.taxtmi.com/caselaws?id=184415 The Appellate Tribunal ITAT Mumbai upheld the eligibility of a charitable trust to claim benefits under section 11 of the Income Tax Act, emphasizing that trust amendments did not alter its main object. The Tribunal also ruled that maintaining separate books of account was not required for certain activities integral to the trust's charitable purpose. Additionally, the Tribunal allowed the claim of depreciation on assets acquired through donations, dismissing concerns of double deduction. The appeal filed by the Revenue was dismissed, affirming the trust's eligibility for benefits under section 11 and allowing the depreciation claim. en-us Wed, 06 Mar 2013 00:00:00 +0530 Fri, 08 Jul 2016 10:16:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184415 The Appellate Tribunal ITAT Mumbai upheld the eligibility of a charitable trust to claim benefits under section 11 of the Income Tax Act, emphasizing that trust amendments did not alter its main object. The Tribunal also ruled that maintaining separate books of account was not required for certain activities integral to the trust's charitable purpose. Additionally, the Tribunal allowed the claim of depreciation on assets acquired through donations, dismissing concerns of double deduction. The appeal filed by the Revenue was dismissed, affirming the trust's eligibility for benefits under section 11 and allowing the depreciation claim. Case-Laws Income Tax Wed, 06 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184415