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2018 (7) TMI 219 - AT - Income TaxDepreciation to assessee trust - principles of the appellant society under section 11 - double deduction - Held that:- The issue of depreciation is squarely covered in favour of the assessee in assessee’s own case by the judgement of Hon’ble Delhi High Court in case of DIT(E) vs. Indraprastha Cancer Society (2014 (11) TMI 733 - DELHI HIGH COURT). In the said judgement the Hon’ble Delhi High Court has duly noted that insertion of Sub Section (6) to Section 11 of the Act has been inserted w.e.f. 01st April, 2015 only and, therefore, the legal position would undergo a change and will be applicable w.e.f. 1st April, 2015 only and will not be applicable to earlier Assessment Years. Since the present appeal before us pertains to the A.Y. 2010-11, the issue stands covered in favour of the assessee Provision for bad and doubtful debts - Held that:- This issue is also covered in favour of assessee by the judgement of Hon’ble Delhi High Court in the case of DIT(E) vs. National Association of Software and Services Companies (2012 (5) TMI 204 - DELHI HIGH COURT) Tribunal was right in law in holding that the provision for doubtful debts must be deducted from the income of the trust on commercial principles, for the purposes of Section 11(1)(a) of the Act - Decided in favour of the assessee
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