https://www.taxtmi.com/highlights?id=36947 Depreciation on the asset which were claimed as application u/s 11 at the time of purchase - ultimately assessee is a charitable institution and its income for tax purposes is required to be determined by taking into consideration provisions of Section 11 of the Act of 1961 after extending normal depreciation and deductions from its gross income. - HC en-us Wed, 22 Nov 2017 08:25:45 +0530 Wed, 22 Nov 2017 08:25:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=36947 Depreciation on the asset which were claimed as application u/s 11 at the time of purchase - ultimately assessee is a charitable institution and its income for tax purposes is required to be determined by taking into consideration provisions of Section 11 of the Act of 1961 after extending normal depreciation and deductions from its gross income. - HC Highlights Income Tax Wed, 22 Nov 2017 08:25:45 +0530 https://www.taxtmi.com/highlights?id=36947