https://www.taxtmi.com/caselaws?id=428480 The court examined various issues related to the Income Tax Act, including the interpretation of provisions regarding payments to prohibited persons, eligibility for exemption despite such payments, applicability of provisions for charitable institutions, allowance of depreciation, and treatment of capital assets. Ultimately, the court upheld the decisions of the Income Tax Appellate Tribunal (ITAT) concerning these matters, emphasizing the correct application of the law in determining income and depreciation for charitable or religious institutions. en-us Thu, 15 Sep 2022 00:00:00 +0530 Fri, 30 Sep 2022 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428480 The court examined various issues related to the Income Tax Act, including the interpretation of provisions regarding payments to prohibited persons, eligibility for exemption despite such payments, applicability of provisions for charitable institutions, allowance of depreciation, and treatment of capital assets. Ultimately, the court upheld the decisions of the Income Tax Appellate Tribunal (ITAT) concerning these matters, emphasizing the correct application of the law in determining income and depreciation for charitable or religious institutions. Case-Laws Income Tax Thu, 15 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428480