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2016 (5) TMI 1389 - HC - Income TaxDepreciation claim to assessee trust - Held that:- Allowability of depreciation on capital assets acquired for the purposes of carrying out charitable activities and set off of deficit of earlier years against income of the current year. The impugned order in fact followed decision of this Court in CIT v/s. Institute of Banking Personnel Services [2003 (7) TMI 52 - BOMBAY High Court] while holding in favour of the Respondent-Assessee.
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