Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2018 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (6) TMI 1393 - HC - Income TaxDepreciation claim of assessee trust - Held that:- Since the issue regarding claim of Depreciation in the hands of the Charitable Trust is no longer res integra as relying on Hon’ble Supreme Court in the case of ‘Commissioner of Income Tax-III, Pune v. Rajasthan & Gujarati Charitable Foundation Poona’ [2017 (12) TMI 1067 - SUPREME COURT] - We are of the opinion that no substantial question of law now arises in the present Appeals filed by the Revenue. Finding of the learned Tribunal of the accumulation of income not exceeding 15% of the income is concerned, the same is a pure finding of fact and does not give rise to any substantial question of law. Accordingly, We are of the opinion that the Appeals filed by the Revenue are devoid of any merits
|