Indian Institute of Information Technology Society, Vadodara. v. DCIT (2025) 212 ITD 163 (Trib.)

S. 11 : Property held for charitable purposes-Not claimed as application of income-Depreciation cannot be disallowed-Matter remanded. [S.11(6), 32]

Held that when the  assessee-trust had not claimed cost of acquisition of assets as ‘application of income’ either in current or any previous assessment year, Assessing Officer could not disallow depreciation on fixed assets under section 11(6). Matter remanded. (AY. 2017-18)

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