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2017 (9) TMI 1601 - AT - Income TaxDisallowance of depreciation to assessee rust - Held that:- Respectfully following the judgment of the hon'ble jurisdictional High Court in the case of Al-Ameen Charitable Fund Trust (2016 (3) TMI 462 - KARNATAKA HIGH COURT ), we do not find any error or illegality requiring our interference in the impugned order of the learned Commissioner of Income-tax (Appeals), in allowing the assessee's claim for depreciation. It cannot be held that double benefit is given in allowing claim for depreciation for computing income for purposes of section 11. The questions proposed have, thus, to be answered against the Revenue and in favour of the assessee.
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