Dismissing the appeal of the revenue the Court held that ,charitable trust is entitle to claim depreciation .Computation provision did not discriminate between a charitable Trust and other assesses.( AY.2005 -06)
CIT v. Agricultural Produce Market Committee. (2018) 408 ITR 231/257 Taxman 234 (Karn)( HC)
S. 32 : Depreciation – Charitable Trust -Depreciation is allowable Computation provision did not discriminate between a charitable Trust and other assesses.[ S.11, 12A, 263 ]