https://www.taxtmi.com/caselaws?id=333473 The Tribunal upheld the CIT(A)'s decision, allowing the claim of depreciation on assets for a charitable trust, despite the cost being treated as an application of income in previous years. The Tribunal dismissed the Revenue's appeal, citing precedents and emphasizing that double deduction is not permissible unless mandated by law. The decision aligned with previous judgments favoring the assessee, such as in the case of DCIT vs. Sanjeevan Vidyalaya Trust. en-us Wed, 05 Oct 2016 00:00:00 +0530 Fri, 14 Oct 2016 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333473 The Tribunal upheld the CIT(A)'s decision, allowing the claim of depreciation on assets for a charitable trust, despite the cost being treated as an application of income in previous years. The Tribunal dismissed the Revenue's appeal, citing precedents and emphasizing that double deduction is not permissible unless mandated by law. The decision aligned with previous judgments favoring the assessee, such as in the case of DCIT vs. Sanjeevan Vidyalaya Trust. Case-Laws Income Tax Wed, 05 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333473