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2015 (6) TMI 1099 - AT - Income TaxDepreciation claim on assets of trust already been claimed as application of income u/s. 11 - Held that:- In the earlier years identical issue has been decided in favour of the assessee by the Tribunal. We find that the Hon’ble Bombay High Court had also decided the issue in favour of the assessee for the assessment year 2007-08 wherein as directed to allow depreciation claimed by the appellant. - Decided in favour of assessee
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