https://www.taxtmi.com/caselaws?id=409471 The appeal, involving a Public Charitable Trust's disallowed depreciation claim for the Assessment Year 2010-11, saw the Assessing Officer disallowing the claim to prevent potential double deduction. The Commissioner of Income Tax (Appeals) ruled in favor of the appellant, allowing the depreciation claim based on legal interpretations and accounting principles. The Income Tax Appellate Tribunal also dismissed the appeal, with the Court ultimately upholding previous decisions against the Revenue, resulting in the dismissal of the appeal without costs awarded. en-us Mon, 05 Jul 2021 00:00:00 +0530 Thu, 08 Jul 2021 08:47:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409471 The appeal, involving a Public Charitable Trust's disallowed depreciation claim for the Assessment Year 2010-11, saw the Assessing Officer disallowing the claim to prevent potential double deduction. The Commissioner of Income Tax (Appeals) ruled in favor of the appellant, allowing the depreciation claim based on legal interpretations and accounting principles. The Income Tax Appellate Tribunal also dismissed the appeal, with the Court ultimately upholding previous decisions against the Revenue, resulting in the dismissal of the appeal without costs awarded. Case-Laws Income Tax Mon, 05 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409471