Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (9) TMI 2044 - AT - Income TaxRevision u/s 263 - assessee Claiming Depreciation u/s 32 while claiming exemption u/s 11 - allowance of depreciation on the assets was set aside by the ld. CIT(E) to the file of AO to make proper enquiries whether the cost of such assets have been allowed as application of income in the past or not and then to decide the issue afresh - HELD THAT:- Once the issue under consideration stands decided by the ld. CIT(A) in favour of the assessee, there remains nothing to be decided in the present appeal at this stage. Moreover, since the issue has been decided in the case of CIT vs. Rajashthan & Gujrat Charitable Foundation [2017 (12) TMI 1067 - SUPREME COURT] in favour of the assessee, the order u/s. 263 would not survive at all. - Decided in favour of assessee.
|