No deduction of Depreciation allowed - Section 11(6) - Income Tax - Ready Reckoner - Income Tax

No deduction of Depreciation allowed - Section 11(6) Where an asset, the cost of acquisition of which has been claimed as application of income under section 11 for any previous year then no deduction by way of depreciation or otherwise in respect of such asset shall be allowed while computing the income of any previous year and such depreciation shall not be considered as application of income while computing the income of any Previous Year.