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2014 (11) TMI 1075 - HC - Income TaxEntitlement to depreciation in respect of its assets used for charitable purposes - Held that:- We find that issue raised by the first question is covered by the judgment of Commissioner of Income Tax, Siliguri Vs. Siliguri Regulated Market Committee [2014 (8) TMI 686 - CALCUTTA HIGH COURT ] holding that the appellant was entitled to depreciation in respect of its assets used for charitable purposes . We in respectfully following the judgment answer the question in the negative and in favour of the assessee.
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