https://www.taxtmi.com/caselaws?id=363440 The appeal by the Revenue against the Order of the Commissioner of Income Tax (Appeals) regarding the claiming of depreciation by a charitable trust was allowed by the court, directing the Assessing Officer to permit the depreciation claim. Additionally, the denial of exemption under section 11 of the Act to the trust due to various alleged violations, including dealings with an unregistered trust and personal expenses of trustees, was upheld. The court found that these violations affected the trust's exemption eligibility, leading to the reversal of the CIT(A)'s decision in favor of the Revenue. en-us Mon, 09 Jul 2018 00:00:00 +0530 Thu, 16 Aug 2018 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363440 The appeal by the Revenue against the Order of the Commissioner of Income Tax (Appeals) regarding the claiming of depreciation by a charitable trust was allowed by the court, directing the Assessing Officer to permit the depreciation claim. Additionally, the denial of exemption under section 11 of the Act to the trust due to various alleged violations, including dealings with an unregistered trust and personal expenses of trustees, was upheld. The court found that these violations affected the trust's exemption eligibility, leading to the reversal of the CIT(A)'s decision in favor of the Revenue. Case-Laws Income Tax Mon, 09 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363440