2019 (8) TMI 1671

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..... RATI CHARITABLE FOUNDATION POONA [ 2017 (12) TMI 1067 - SUPREME COURT] . - Decided against revenue. - Tax Case Appeal Nos. 680 and 681 of 2011 - - - Dated:- 26-8-2019 - THE HONOURABLE MR.JUSTICE T.S.SIVAGNANAM And THE HONOURABLE MRS.JUSTICE V.BHAVANI SUBBAROYAN For the Appellant : Mr.J.Narayanaswamy, Senior Standing Counsel For the Respondent : No appearance COMMON JUDGMENT .....

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..... duction? (ii) Whether on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal was right in holding that the assessee would be entitled to claim depreciation even though the assessee has not used the assets in any business carried on by it, which is a prerequisite for allowance of depreciation under Section 32? 3.Heard Mr.J.Narayanaswamy, learned Senior Standing .....

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