https://www.taxtmi.com/caselaws?id=407479 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions. It upheld the allowance of depreciation on fixed assets for charitable trusts and the carry forward of deficits, in line with judicial precedents and commercial principles. The decision was pronounced on 11th May 2021. en-us Tue, 11 May 2021 00:00:00 +0530 Tue, 11 May 2021 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407479 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions. It upheld the allowance of depreciation on fixed assets for charitable trusts and the carry forward of deficits, in line with judicial precedents and commercial principles. The decision was pronounced on 11th May 2021. Case-Laws Income Tax Tue, 11 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407479