Home › Tax Laws › DIT v. Society for Applied Microwave Electronic Engineering & Research. (2019) 106 taxmann.com 203 / 264 Taxman 82 (Bom.) (HC) Editorial: SLP of revenue is dismissed, DIT v. Society for Applied Microwave Electronic Engineering & Research. (2019) 264 Taxman 81 (SC)/413 ITR 317 (St.)(SC)

DIT v. Society for Applied Microwave Electronic Engineering & Research. (2019) 106 taxmann.com 203 / 264 Taxman 82 (Bom.) (HC) Editorial: SLP of revenue is dismissed, DIT v. Society for Applied Microwave Electronic Engineering & Research. (2019) 264 Taxman 81 (SC)/413 ITR 317 (St.)(SC)

S. 11 : Property held for charitable purposes-Depreciation- Application of income – Eligible depreciation. [S. 32]

Dismissing the appeal of the revenue the Court held that the assessee would be entitle to depreciation though the amount was allowed as application of income. Followed, CIT v. Institute of Banking Personnel Services( 2003) 264 ITR 110 (Bom.)(HC). (AY. 2008-09)