HIGH COURT OF RAJASTHAN
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D.B. IT APPEAL NO. 90 OF 2015
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Principal Commissioner of Income-tax (Exemption), Jaipur...................Appellant.
v.
Vijay Shanti Educational Trust
...............................................................Respondent |
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GOVIND MATHUR AND MS. NIRMALJIT KAUR, JJ.
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| Date :FEBRUARY 9, 2016 |
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| Appearances |
K.K. Bissa and H.G. Chanda for the Appellant.
Anil Bhansali for the Respondent.
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Section 32 read with section 11 of the Income Tax Act, 1961 — Depreciation — Assessee was entitled to depreciation as assessee, an educational trust claimed depreciation on capital assets for which capital expenditure had already been allowed.
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ORDER
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1. The issue involved in this appeal is no more res integra in view of judgment given by Division Bench of this Court in CIT v. Krishi Upaj Mandi Samiti [2015] 229 Taxman 524/55 taxmann.com 63 (Raj.) (D.B. Income Tax Appeal No.32/2010, decided on 16.1.2015).
2. Accordingly, this appeal is also dismissed in terms of the judgment referred above.
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[2016] 243 TAXMAN 212 (RAJ) |
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