https://www.taxtmi.com/caselaws?id=406805 The High Court dismissed the Revenue's appeal challenging the allowance of depreciation as an application of income on charitable objects under Section 11 of the Income Tax Act. The Court relied on previous decisions and held that granting depreciation did not result in double deduction. The appeal was dismissed based on established legal principles and precedents, aligning with Supreme Court interpretations and prior Division Bench rulings. en-us Wed, 31 Mar 2021 00:00:00 +0530 Fri, 23 Apr 2021 21:04:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406805 The High Court dismissed the Revenue's appeal challenging the allowance of depreciation as an application of income on charitable objects under Section 11 of the Income Tax Act. The Court relied on previous decisions and held that granting depreciation did not result in double deduction. The appeal was dismissed based on established legal principles and precedents, aligning with Supreme Court interpretations and prior Division Bench rulings. Case-Laws Income Tax Wed, 31 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406805