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2019 (2) TMI 236 - AT - Income TaxClaim of depreciation to assessee trust - contention of the Assessing Officer is that the assessee has already been allowed an amount of purchase of assets as application of the income in earlier years and, therefore, allowing the depreciation will amount to double deduction - Held that:- We note that the issue of allowance of depreciation despite purchase of assets considered towards application of income, has been decided in the case of CIT vs. Rajasthan and Gujarati Charitable Foundation, Poona (2017 (12) TMI 1067 - SUPREME COURT) - decided against revenue.
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