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2014 (3) TMI 1020 - AT - Income TaxClaim of depreciation holding it as application of income on stated charitable objects - Held that:- The issue in appeal is squarely covered in favour of the assessee by various decisions of the co-ordinate Bench of this Tribunal and in fact Commissioner of Income Tax (Appeals) followed those decisions of the Tribunal and allowed the claim of the assessee. On going through the above findings of the Commissioner of Income Tax (Appeals), we find that this issue has been decided in favour of the assessee following various decisions of the co-ordinate Bench of this Tribunal. Therefore, we do not find any infirmity in the order passed by the Commissioner of Income Tax (Appeals) in allowing the claim of the assessee and uphold the same.
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