Held that the assessee is entitled to claim depreciation on assets even though cost of purchase of asset was treated as application of income. (AY. 2009-10)
CIT v. Kovai Medical Centre and Educational Trust (2021) 280 Taxman 239 (Mad.)(HC)
S. 11 : Property held for charitable purposes-Depreciation-Application of income-Entitle to claim depreciation. [S. 32]