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2015 (8) TMI 1409 - ITAT HYDERABADEntitlement to depreciation to assessee trust - Computation of income u/s 11(1)(a) - entire cost of the asset was deducted while computing the amount applied towards the object of the trust - Held that:- Charitable or religious trust registered under section12A can claim benefit under section 11 in the form of application of funds as well as depreciation under section 32 in respect of the property held under the trust. See A. P. Olympic Association v. Asst. DIT [2014 (2) TMI 988 - ITAT HYDERABAD] - Decided in favour of assessee
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