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2010 (9) TMI 205 - HC - Income TaxDepreciation on fixed asset - registered as a Trust under the Act. While assessing the application of its income under Section 11, the Assessing Officer disallowed the claim of depreciation and contribution made to the Marketing Board - Held that: - question covered against the revenue by the judgment of this Court dated 5.7.2010 in ITA No. 535 of 2009 (The Commissioner of Income Tax, Karnal v. Market Committee, Pipli) - Accordingly, the appeal is dismissed
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