SUPREME COURT OF INDIA
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SPECIAL LEAVE TO APPEAL (C) NO. 14795 OF 2016
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Director of Income-tax, Bangalore........................................................Appellant.
v.
AI-Ameen Charitable Trust
..................................................................Respondent |
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ANIL R. DAVE AND L. NAGESWARA RAO, JJ.
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| Date :AUGUST 12, 2016 |
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| Appearances |
Avijit Bhattacharjee, Rupesh Kumar, Jyotika Kalra and Mrs. Anil Katiyar, Advs. for the Petitioner.
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Section 11 read with section 32 of the Income Tax Act, 1961 — Trust — Exemptions to trust — SLP granted against high courts ruling that section 11 (6) inserted by Finance Act, 2014 denying the depreciation while computing income of charitable trust is prospective in nature and operates with effect from 01-04-2015 — Director of Income Tax vs. Al Ameen Charitable Trust.
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ORDER
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1. Delay condoned.
2. Leave granted.
3. Tag with Civil Appeal No. 5091/2013.
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[2016] 242 TAXMAN 4 (SC) |
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