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2014 (12) TMI 1229 - AT - Income TaxRegistration under section 12A - whether the depreciation is allowable on the fixed assets, when the entire cost of assets have already been claimed as application of income towards objects of the trust? - Held that:- Such claims of depreciation, do not result in double deduction i.e., depreciation and capital expenditure on fixed assets. - Decided in favour of assessee.
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