https://www.taxtmi.com/caselaws?id=340393 The court upheld the Tribunal's decision to delete the disallowance of depreciation on capital expenditure under Section 11 of the Income Tax Act, citing various High Court judgments supporting the Assessee's position. Additionally, the court upheld the Tribunal's decision to allow scholarship expenditure as charitable, emphasizing that the scholarship was for educational purposes and not related to the Members of the Society. Consequently, the court dismissed the appeals and affirmed the Tribunal's decisions in favor of the Assessee. en-us Tue, 07 Mar 2017 00:00:00 +0530 Tue, 01 Aug 2017 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340393 The court upheld the Tribunal's decision to delete the disallowance of depreciation on capital expenditure under Section 11 of the Income Tax Act, citing various High Court judgments supporting the Assessee's position. Additionally, the court upheld the Tribunal's decision to allow scholarship expenditure as charitable, emphasizing that the scholarship was for educational purposes and not related to the Members of the Society. Consequently, the court dismissed the appeals and affirmed the Tribunal's decisions in favor of the Assessee. Case-Laws Income Tax Tue, 07 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340393