https://www.taxtmi.com/highlights?id=59445 Claiming Depreciation u/s 32 while claiming exemption u/s 11 - whether while computing income under section 11(1)(a) of the Income Tax Act, 1961, depreciation is not to be allowed? - HELD Yes - normal depreciation could be considered as legitimate deduction in computing real income of assessee on general principles or under Section 11(1)(a). - HC en-us Tue, 31 Aug 2021 09:19:49 +0530 Tue, 31 Aug 2021 09:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59445 Claiming Depreciation u/s 32 while claiming exemption u/s 11 - whether while computing income under section 11(1)(a) of the Income Tax Act, 1961, depreciation is not to be allowed? - HELD Yes - normal depreciation could be considered as legitimate deduction in computing real income of assessee on general principles or under Section 11(1)(a). - HC Highlights Income Tax Tue, 31 Aug 2021 09:19:49 +0530 https://www.taxtmi.com/highlights?id=59445