https://www.taxtmi.com/caselaws?id=330357 The Tribunal upheld the decision of the Ld. Commissioner of Income Tax (Appeal) and dismissed the Revenue's appeal. Following judicial precedent, depreciation was allowed on assets fully allowed as income application in previous years, on transferred assets without cost to the assessee, and deficit carry forward for charitable trusts. The Tribunal found no error in the Ld. Commissioner's conclusion, allowing the assessee's claims on all three issues. en-us Mon, 13 Jun 2016 00:00:00 +0530 Sat, 23 Jul 2016 18:59:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330357 The Tribunal upheld the decision of the Ld. Commissioner of Income Tax (Appeal) and dismissed the Revenue's appeal. Following judicial precedent, depreciation was allowed on assets fully allowed as income application in previous years, on transferred assets without cost to the assessee, and deficit carry forward for charitable trusts. The Tribunal found no error in the Ld. Commissioner's conclusion, allowing the assessee's claims on all three issues. Case-Laws Income Tax Mon, 13 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330357