2011 (12) TMI 640

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....i S.K. Khurana O R D E R PER C. L. SETHI, J.M. The only ground raised by the revenue in this appeal, directed against the order dated 11.4.2011 passed by the learned CIT(A) for Asstt. Year 2008-09, is as under:- "On the facts and in the circumstances of the case, the ld. CIT(A) has erred in allowing depreciation which the AO had added back to the tune of Rs. 31,03,118/- as the sa....

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....s taken the view that in the light of the decision of Hon'ble Punjab & Haryana High Court in the case of CIT vs M/s Tiny Tots Education Society 330 ITR 21(P&H), the assessee's claim of depreciation on capital assets is to be allowed as a deduction from the total income of the Trust. 4. Hence, the revenue is in appeal before us. 5. We have heard both the parties and perused the material on re....