Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2015 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (4) TMI 1126 - HC - Income TaxAllowability of depreciation to assessee-trust - Held that:- Revenue's understanding of double deduction is without legal basis. Allowability of depreciation in respect of capital expenditure incurred by the assessee-trust and for the purpose of section 11 confirmed. See S. C. Dharmadhikari [2014 (10) TMI 540 - BOMBAY HIGH COURT] and A. K. Menon JJ [2014 (12) TMI 145 - BOMBAY HIGH COURT] - Decided against revenue
|