https://www.taxtmi.com/caselaws?id=409107 The High Court dismissed the Tax Case Appeal brought by the Revenue, upholding the disallowance of depreciation claimed by the Charitable Trust. The Court emphasized the distinction between deductions under different sections of the Income Tax Act and relied on previous judgments and legal principles, aligning with established interpretations and precedents in similar cases. The appeal was dismissed without costs, following precedents set by the Division Bench and the Supreme Court in related cases. en-us Mon, 21 Jun 2021 00:00:00 +0530 Tue, 29 Jun 2021 10:00:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409107 The High Court dismissed the Tax Case Appeal brought by the Revenue, upholding the disallowance of depreciation claimed by the Charitable Trust. The Court emphasized the distinction between deductions under different sections of the Income Tax Act and relied on previous judgments and legal principles, aligning with established interpretations and precedents in similar cases. The appeal was dismissed without costs, following precedents set by the Division Bench and the Supreme Court in related cases. Case-Laws Income Tax Mon, 21 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409107