2019 (10) TMI 1023

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..... that the substantial question of law, which has been framed in these appeals, has been answered against the Revenue by the Hon'ble Supreme Court in CIT vs. Rajasthan and Gujarati Charitable Foundation [ 2017 (12) TMI 1067 - SUPREME COURT ] Following the same, these appeals stand dismissed and the substantial question of law is answered against the Revenue. - Tax Case Appeal Nos. 412 to .....

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..... er on facts and in the circumstances of the case, the Tribunal was right in holding that the assessee is entitled to claim depreciation on the assets, in the form of, application of income, even though the cost of purchase of asset was treated as application of income under Section 11 of the Act? 3.Heard Mr. M. Swaminathan, learned Senior Standing Counsel assisted by Ms. V. Pushpa, lear .....

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