https://www.taxtmi.com/caselaws?id=357758 The Tribunal dismissed the appeal, upholding the grant of depreciation to charitable institutions and confirming the entitlement to carry forward depreciation. The judgment emphasized the legality of claiming depreciation despite capital expenditure being treated as income application for charitable purposes, aligning with established precedents and legislative amendments. The decision was based on principles established by the Hon'ble Supreme Court, affirming the CIT(A)'s order in favor of the assessee regarding the disallowance of depreciation under Section 32 of the Income-tax Act, 1961 for the assessment year 2012-13. en-us Thu, 22 Mar 2018 00:00:00 +0530 Thu, 29 Mar 2018 11:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357758 The Tribunal dismissed the appeal, upholding the grant of depreciation to charitable institutions and confirming the entitlement to carry forward depreciation. The judgment emphasized the legality of claiming depreciation despite capital expenditure being treated as income application for charitable purposes, aligning with established precedents and legislative amendments. The decision was based on principles established by the Hon'ble Supreme Court, affirming the CIT(A)'s order in favor of the assessee regarding the disallowance of depreciation under Section 32 of the Income-tax Act, 1961 for the assessment year 2012-13. Case-Laws Income Tax Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357758