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2015 (4) TMI 1066 - HC - Income TaxConcept of capital or revenue receipt for a trust - amount received as development fund by the assessee and directly taken to the balance as liability - Held that:- We are informed that in the succeeding years 2009-10 onwards the revenue has consistently brought to tax similar amounts. In these circumstances we leave the question of law open to be urged later in an appropriate case. As far as the other issue with respect to claim for depreciation allowed in favour of the assessee is concerned, the Court noticed that the question of law sought to be urged stands covered in the assessee’s favour in Director of Income Tax V. Indraprasth Cancer Society [2014 (11) TMI 733 - DELHI HIGH COURT]
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