Case Law Details
Case Name : Director of Income Tax Vs Vishwa Jagriti Mission (Delhi High Court)
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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Whether the income of the assessee being a Trust can be computed on commercial principles and while doing so whether depreciation on fixed assets can be allowed.
On this issue, there seems to be a consensus of judicial thinking, having regard to the consensus of judicial opinion, we are not inclined to admit the appeal and frame any substantial question of law. There does not appear to be any contrary view plausible on the question raised before us and at any rate no judgment taking a contrary view has been brought to our notice.
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IN THE HIGH COURT OF DELHI
I...
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Weather trustee/s can sale immovable property of regd charitable trust in State like Odisha, where no separate act for charitable trust.