Held that the assessee has not capital expenditure claimed in earlier years hence depreciation is allowable. (AY.2007-08)
Asst. DIT (E) v. Maharshtra Samaj (2023) 108 ITR 657 (Mum) (Trib)
S. 11 : Property held for charitable purposes-Depreciation — No capital expenditure claimed in earlier years — Depreciation is allowable. [S. 2(15), 11(1)(a), 32]