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Income Tax Appellate Tribunal, ‘D’ BENCH: CHENNAI
Before: SHRI GEORGE MATHAN & SHRI S. JAYARAMAN
Department by : Mrs.Sumathi Venkataraman, JCIT Assessee by : None : 22.05.2018 सुनवाई क+ तार�ख/Date of Hearing घोषणा क+ तार�ख / : 22.05.2018 Date of Pronouncement आदेश / O R D E R
PER S. JAYARAMAN, ACCOUNTANT MEMBER:
The Revenue filed this appeal against the order of the CIT(A)-2, Coimbatore, in dated 30.08.2017 for the AY 2013-14.
The Revenue filed this appeal with 3 days delay with condonation petition explaining the reasons for delay. None appeared for the assessee though the notice for hearing was served on the assessee on 21.04.2018. In these circumstances, we heard the Ld.DR and condoned the delay.
While making the assessment for the AY 2013-14 in the case of the assessee, M/s. P.S.Govindaswamy Naidu & Sons Charities, the AO relying on the decision of the Hon’ble Kerala High Court in the case of Lissie Medical Institutions Vs. CIT 348 ITR 344 (Ker.) read with CBDT Circular refused to allow the assessee’s claim of depreciation on the capital expenditure incurred from year to year holding that when the entire costs of assets have already been claimed as application of income towards objects of the Trust, the claim of depreciation on the cost of the very same assets results in double deduction.
3. Aggrieved, the assessee filed the appeal before the Ld.CIT(A). Relying on the Hon’ble Jurisdictional High Court’s decision in the case of DIT Vs. M/s.Medical Trust of the Seventh Day Adventists in TCA No.844 of 2010 dated 08.08.2017 reported in (2017) 84 taxmann.com 202 (Madras), the Ld.CIT(A) allowed the assessee’s appeal.
Aggrieved, the Revenue filed this appeal.
None appeared for the assessee though the notice for hearing was served on the assessee on 21.04.2018. However, the assessee filed its Written Submission. The Ld.DR presented the case on the lines of the grounds of appeal.
We heard the submissions.
We find that this issue is settled in favour of the assessee by the Hon’ble Apex Court in the case of CIT Vs. Rajasthan and Gujarati Charitable Foundation, Poona, in Civil Appeal No.7186 of 2014 dated 13.12.2017, and hence the Revenue’s appeal is dismissed.
In the result, the appeal filed by the Revenue in is dismissed.
Order pronounced in the Open Court on May 22, 2018, at Chennai.