https://www.taxtmi.com/caselaws?id=299912 The ITAT upheld the CIT(A)'s orders allowing depreciation on fixed assets for a public charitable trust and the carry forward loss for subsequent years. The Revenue's appeal challenging these decisions was dismissed, with the ITAT emphasizing the legality of claiming depreciation for charitable trusts and the necessity of allowing carry forward losses to prevent double deduction. The decisions were pronounced in December 2018. en-us Mon, 31 Dec 2018 00:00:00 +0530 Wed, 05 Jan 2022 05:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299912 The ITAT upheld the CIT(A)'s orders allowing depreciation on fixed assets for a public charitable trust and the carry forward loss for subsequent years. The Revenue's appeal challenging these decisions was dismissed, with the ITAT emphasizing the legality of claiming depreciation for charitable trusts and the necessity of allowing carry forward losses to prevent double deduction. The decisions were pronounced in December 2018. Case-Laws Income Tax Mon, 31 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299912