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2016 (1) TMI 454 - AT - Income TaxDepreciation claim by trust - Held that:- All the material facts relevant thereto are similar to the case of AP Olympic Association, Hyderabad for AY. 2008-09 (2014 (2) TMI 988 - ITAT HYDERABAD), we respectfully follow the decision rendered by the Co-ordinate Bench of this Tribunal in the said case, and direct the Assessing Officer to allow the claim of assessee for depreciation in respect of the assets, the cost of which was claimed by the assessee as application of income. - Decided in favour of assessee.
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