Trust entitled to depreciation on assets, even if cost of such assets allowed as deduction u/s. 11

IN THE ITAT CHENNAI BENCH ‘C’

Sri Rengalatchumi Educational Trust

V/s.

Income-tax Officer, OSD (Exemptions) – III

IT APPEAL NOS. 89 & 90 (MDS.) OF 2009 AND 681 & 682 (MDS.) OF 2010

[ASSESSMENT YEARS 2004-05 TO 2007-08]

MARCH 25, 2011

ORDE

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