https://www.taxtmi.com/caselaws?id=768031 ITAT Delhi dismissed revenue's appeal against trust assessment. AO made additions for surplus from commercial activities and infrastructure development fund through cryptic, non-speaking order with incorrect calculations. CIT(A) correctly deleted additions noting AO failed to specify legal basis. Trust entitled to section 11 exemption making additions non-taxable. AO wrongly denied depreciation claiming double deduction on assets from exempt income. ITAT held depreciation claim for asset use differs from capital expenditure application. CIT(A)'s relief granting proper legal appreciation upheld. en-us Wed, 12 Mar 2025 00:00:00 +0530 Sat, 29 Mar 2025 08:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768031 ITAT Delhi dismissed revenue's appeal against trust assessment. AO made additions for surplus from commercial activities and infrastructure development fund through cryptic, non-speaking order with incorrect calculations. CIT(A) correctly deleted additions noting AO failed to specify legal basis. Trust entitled to section 11 exemption making additions non-taxable. AO wrongly denied depreciation claiming double deduction on assets from exempt income. ITAT held depreciation claim for asset use differs from capital expenditure application. CIT(A)'s relief granting proper legal appreciation upheld. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768031