https://www.taxtmi.com/caselaws?id=336042 The Tribunal held that a trust, engaged in charitable activities, is not entitled to claim depreciation on assets as an application of income for charitable purposes under Section 32 of the Income Tax Act. The appeal filed by the assessee was dismissed, affirming the decisions of the lower authorities. en-us Mon, 05 Dec 2016 00:00:00 +0530 Wed, 14 Dec 2016 16:17:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336042 The Tribunal held that a trust, engaged in charitable activities, is not entitled to claim depreciation on assets as an application of income for charitable purposes under Section 32 of the Income Tax Act. The appeal filed by the assessee was dismissed, affirming the decisions of the lower authorities. Case-Laws Income Tax Mon, 05 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336042