TMI BlogAllowance of depreciation to assessee trust - When the asset was used as tool for carrying out the...Allowance of depreciation to assessee trust - When the asset was used as tool for carrying out the object of the charitable institution, such activity cannot be construed as a business or profession of the assessee. Therefore, Section 32 is not applicable in this case - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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