https://www.taxtmi.com/caselaws?id=293538 The Tribunal allowed the assessee's appeal in part, deleting the addition of Rs. 18,65,000 as an anonymous donation and allowing the depreciation of Rs. 1,36,57,327. The Department's appeal concerning the treatment of loan repayment as application of income was dismissed. The Tribunal emphasized that depreciation should be permitted for charitable institutions to preserve the trust's corpus and upheld the CIT(A)'s decision on loan repayment treatment. en-us Fri, 30 Mar 2012 00:00:00 +0530 Wed, 17 Feb 2021 12:35:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293538 The Tribunal allowed the assessee's appeal in part, deleting the addition of Rs. 18,65,000 as an anonymous donation and allowing the depreciation of Rs. 1,36,57,327. The Department's appeal concerning the treatment of loan repayment as application of income was dismissed. The Tribunal emphasized that depreciation should be permitted for charitable institutions to preserve the trust's corpus and upheld the CIT(A)'s decision on loan repayment treatment. Case-Laws Income Tax Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293538