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2021 (10) TMI 219 - AT - Income TaxAssessment of trust - disallowance of depreciation treating the same as double deduction claimed by the Appellant - whether in case of the charitable trust that is assessee before us disallowance of depreciation is to be claimed as double deduction or not - HELD THAT:- Since all deduction and exemptions Trust is extending its services towards the betterment of the society by way of religious and other activities. Thus respectfully following the judgment of RAJASTHAN AND GUJARATI CHARITABLE FOUNDATION POONA [2017 (12) TMI 1067 - SUPREME COURT] and GUJARAT MARITIME BOARD [2020 (8) TMI 600 - GUJARAT HIGH COURT] AND GUJARAT CRICKET ASSOCIATION [2019 (1) TMI 1522 - ITAT AHMEDABAD we allow the appeal of the assessee.
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