https://www.taxtmi.com/caselaws?id=330670 The Tribunal upheld the CIT(A)'s order allowing the set-off of unabsorbed expenses and depreciation claim in favor of a charitable trust. The revenue's appeal challenging the set-off of expenses and depreciation was dismissed. The Tribunal relied on judicial precedents and High Court rulings supporting the allowance of such set-offs and depreciation for charitable trusts. The cross objections by the assessee were found to be in support of the CIT(A)'s order and were dismissed. The decision was pronounced on July 27, 2016. en-us Wed, 27 Jul 2016 00:00:00 +0530 Tue, 02 Aug 2016 13:44:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330670 The Tribunal upheld the CIT(A)'s order allowing the set-off of unabsorbed expenses and depreciation claim in favor of a charitable trust. The revenue's appeal challenging the set-off of expenses and depreciation was dismissed. The Tribunal relied on judicial precedents and High Court rulings supporting the allowance of such set-offs and depreciation for charitable trusts. The cross objections by the assessee were found to be in support of the CIT(A)'s order and were dismissed. The decision was pronounced on July 27, 2016. Case-Laws Income Tax Wed, 27 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330670