2011 (4) TMI 601

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.... A DARSH KUMAR GOEL, J ( Oral) .   1. This appeal has been preferred by the revenue under Section 260A of the Income Tax Act, 1961 against order dated 25.5.2010 passed by the Income Tax Appellate Tribunal, Chandigarh Bench 'A', Chandigarh in ITA No.429/Chd/2010, for the assessment year 2007-08, raising following substantial questions of law:-   "i). Whether on the facts and in the....

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....lowing exemption under section 11 of the income-tax Act and as such further allowing of depreciation on these capital assets will amount to double deduction for the same expenditure?   iii). Whether allowing of depreciation on the capital assets by Hon'ble High Court is justified in the light of the Hon'ble Apex Court decision in the case of Escorts India Ltd. (199 ITR 43), wherein it has ....