2011 (12) TMI 640

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..... y ground raised by the revenue in this appeal, directed against the order dated 11.4.2011 passed by the learned CIT(A) for Asstt. Year 2008-09, is as under:- On the facts and in the circumstances of the case, the ld. CIT(A) has erred in allowing depreciation which the AO had added back to the tune of ₹ 31,03,118/- as the same was already allowed as application of income under the head Ca .....

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..... Punjab Haryana High Court in the case of CIT vs M/s Tiny Tots Education Society 330 ITR 21(P H), the assessee s claim of depreciation on capital assets is to be allowed as a deduction from the total income of the Trust. 4. Hence, the revenue is in appeal before us. 5. We have heard both the parties and perused the material on record. The Hon ble Punjab Haryana High Court in the case of .....

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