Deduction of Depreciation as well of Capital Expenditure U/s. 11 In Case of Trusts not amounts to Double Deduction

BRIEF FACTS OF THE CASE AND QUESTION OF LAW

Brief Facts:

This is an appeal filed by assessee against challenging the order dt.8.5.2011 of CIT (A)-I, Mumbai, for the assessment year 2008-2009.The grounds of assessee were as follows:

(i) the Learned Commissioner of Income Tax (Appeals) erred in directing the Assessing Officer to allow depreciation on fixed assets without appreciating the fact that the capital expendi

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