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2016 (9) TMI 947 - AT - Income TaxDepreciation claimed by the assessee charitable trust - assessee engaged in health care activities and registered under section 12AA enjoying the benefit of Section 11 of the Act - Held that:- In the case of the assessee which is a charitable trust registered under section 12AA of the Act and enjoying the benefit of section 11 of the Act, will not be entitled to claim the benefit of depreciation while computing the income of the trust and further there would be no scope arithmetically to set off excess application of fund during the earlier assessment years in the relevant assessment years. Accordingly, we hereby sustain the order of the learned Commissioner of Income Tax (Appeals) on both the issues raised by the assessee for both the assessment years. - Decided against assessee.
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