https://www.taxtmi.com/caselaws?id=187183 The Appellate Tribunal ITAT Pune dismissed the Revenue's appeal against the Commissioner of Income-tax (Appeals) order, affirming the allowance of depreciation on immovable property for the assessee trust running educational institutions. The Tribunal held that denial of depreciation should not be automatic based on past application of income, as established by relevant court judgments. en-us Tue, 27 Sep 2011 00:00:00 +0530 Thu, 13 Oct 2016 09:55:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187183 The Appellate Tribunal ITAT Pune dismissed the Revenue's appeal against the Commissioner of Income-tax (Appeals) order, affirming the allowance of depreciation on immovable property for the assessee trust running educational institutions. The Tribunal held that denial of depreciation should not be automatic based on past application of income, as established by relevant court judgments. Case-Laws Income Tax Tue, 27 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187183