2019 (2) TMI 528

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Sanmathi, Advocate JUDGMENT By the order dated 07.11.2017, the appeal was admitted to consider the following substantial questions of law: i.Whether on the facts and in the circumstances of the case the Tribunal is right in holding that the assessee is eligible for carry  forward of deficit of the assessee to the subsequent years when the income of a charitable or religious trust / insti....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ficit? iii.Whether on the facts and in the circumstances of the case, the Tribunal is right in law in holding that assessee is entitled to  claim depreciation on capital assets when it amounts to double deduction as the income of the assessee is already exempt and amended provisions of the Act also denies such claim for depreciation by Trust?" 2. The learned counsel for the appellants subm....