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2014 (3) TMI 1142 - ITAT MUMBAIDepreciation claim of assessee trust - double deduction - Held that:- Substantial question of law as it stands concluded by the decision of this Court in M/s. Gem & Jewellery Exports Promotion Council [2011 (2) TMI 1511 - BOMBAY HIGH COURT] as well as CIT v/s. Institute of Banking Personnel Services [2003 (7) TMI 52 - BOMBAY HIGH COURT] ignoring the stand of the revenue that allowance of depreciation on the assets, the cost of which has already been allowed as a deduction on account of application of income, would amount to double deduction - Decided in favour of assessee.
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