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Income Tax - Highlights / Catch Notes

Home Highlights October 2011 Year 2011 This

Charitable trust can not avail dual benefit as benefit of ...


Charitable trusts can't claim both income application and capital goods depreciation benefits under tax rules.

October 19, 2011

Case Laws     Income Tax     AT

Charitable trust can not avail dual benefit as benefit of application of income as well as depreciation in respect of capital goods... - AT

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  12. The appellant trust claimed to be formed for public charitable activities and registered under the Rajasthan Public Trust Act 1959, regularly filing its income tax...

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