https://www.taxtmi.com/caselaws?id=278701 The appeal was dismissed as the Tribunal upheld the depreciation allowance on trust assets and allowed the claim for carry forward of the deficit. The decision was based on precedents such as Director of Income Tax (Exemption) v/s. M/s. Gem & Jewellery Exports Promotion Council and Dy. Director of Income Tax (Exemptions) v/s. Aditya Birla Foundation. The court found no substantial question of law in the issues raised, as they were previously settled in similar cases. No costs were awarded in this matter. en-us Mon, 06 Mar 2017 00:00:00 +0530 Mon, 18 Feb 2019 06:31:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278701 The appeal was dismissed as the Tribunal upheld the depreciation allowance on trust assets and allowed the claim for carry forward of the deficit. The decision was based on precedents such as Director of Income Tax (Exemption) v/s. M/s. Gem & Jewellery Exports Promotion Council and Dy. Director of Income Tax (Exemptions) v/s. Aditya Birla Foundation. The court found no substantial question of law in the issues raised, as they were previously settled in similar cases. No costs were awarded in this matter. Case-Laws Income Tax Mon, 06 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278701