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2013 (11) TMI 1062 - HC - Income TaxDepreciation on assets - application of income - double deduction as cost of assets purchased had already been claimed fully as expenditure/application of income - Held that:- Following assessee's own case Income Tax Officer Vs. Krishi Utpadan Mandi Samiti Jalaun and others for the earlier assessment year 2007-2008 - The findings of facts so recorded by the Appellate Tribunal are on the basis of cogent material on records - It cannot be said that the findings recorded by the Tribunal are perverse or contrary to the material on record. It is settled law that the findings of fact cannot be upset unless perversity is shown - Decided against Revenue.
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