1996 (1) TMI 58 - HC - Income Tax

Summary

The High Court of Gauhati ruled in favor of the assessee on both questions raised by the Revenue. The court allowed depreciation on the temple building and directed that outstanding liabilities of taxes be allowed if paid by statutory dates. The court cited previous decisions to support its ruling. The judgment will be transmitted to the Income-tax Appellate Tribunal, and no costs were awarded.