2013 (4) TMI 798

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..... R PER BENCH This appeal is filed by the Revenue. The relevant assessment year is 2009-10. The appeal is directed against the order of the Commissioner of Income-tax(Appeals)-I at Chennai, dated 22.10.2012 and arises out of the assessment completed under sec. 143(3) of the Income-tax Act, 1961. 2. The only ground raised by the Revenue in the present appeal is extracted below: "1.b The learne .....

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..... ioner of Income-tax(Appeals) on this point, treating the depreciation also as application of funds for charitable purposes, is justified in law. The Tribunal has relied on the following decisions: 1. DIT v. Vishwa Jagriti Mission 2012(4) TMI 289 (Del.) 2. CIT v. Market Committee, Pipli (2011) 330 ITR 16 (P&H) 3. CIT v. Society of Sisters of St. Anni (146 ITR 28)(Kar.) 4. The Tribunal ha .....

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