Section 11(6) Depreciation not allowable if value of assets claimed as application of income

Podar Literacy & Education Trust Vs DCIT (ITAT Mumbai)

AO has disallowed the claim of depreciation as per the mandate of provisions of sec. 11(6) of the Act, which reads as under:-

(6) In this section where any income is required to be applied or accumulated or set apart for application, then, for such purposes the income shall be determined without any deduction or allowance by way of depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of

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