https://www.taxtmi.com/caselaws?id=188747 The Tribunal upheld the order of the Commissioner of Income Tax (Appeals) allowing the claim of depreciation by the assessee trust for Assessment Year 2010-11. It concluded that in the case of trusts registered under section 12A, claiming depreciation does not result in double deduction, as the income of the assessee is exempt. Relying on precedents and settled legal positions, the Tribunal dismissed the Revenue's appeal, emphasizing that the claim of depreciation by trusts does not constitute double deduction, contrary to the Revenue's arguments based on a Supreme Court decision in a different context. en-us Thu, 11 Dec 2014 00:00:00 +0530 Thu, 15 Dec 2016 11:50:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188747 The Tribunal upheld the order of the Commissioner of Income Tax (Appeals) allowing the claim of depreciation by the assessee trust for Assessment Year 2010-11. It concluded that in the case of trusts registered under section 12A, claiming depreciation does not result in double deduction, as the income of the assessee is exempt. Relying on precedents and settled legal positions, the Tribunal dismissed the Revenue's appeal, emphasizing that the claim of depreciation by trusts does not constitute double deduction, contrary to the Revenue's arguments based on a Supreme Court decision in a different context. Case-Laws Income Tax Thu, 11 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188747