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2019 (10) TMI 289 - AT - Income TaxAddition on account of depreciation on assessee trust - HELD THAT:- We note that the decision of the Hon`ble jurisdictional High Court of Calcutta in the case of CIT vs. Siliguri Regulated Market Committee [2014 (8) TMI 686 - CALCUTTA HIGH COURT] is applicable to the assessee, wherein the Hon’ble High Court has held that depreciation claim is allowable even if asset had been claimed as application by assessee trust . Disallowance of administrative and establishment expenses - HELD THAT:- Administrative and establishment expenses is an allowable expenditure, as has been held by the jurisdictional High Court of Calcutta in the case of Birla Janahit Trust [1990 (8) TMI 5 - CALCUTTA HIGH COURT] . That being so we decline to interfere in the order passed by the ld CIT(A), his order on this issue is hereby upheld and grounds of appeal raised by the Revenue is dismissed.
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