2 results for “charitable trust”+ Section 54Fclear
Sorted by relevance
In the result, the appeal of the assessee is allowed for statistical purposes, in the manner indicated in this order
Bench: Mrs. Beena Pillai & Shri Ramit Kochar
charitable trust or institutions in commercial parlance after claiming deduction of depreciation expenses on such capital asset as provided u/s 32, is now barred by introduction of Section 11(6) of the 1961 Act by Finance Act , 2014 w.e.f. 01.04.2015, wherein it is stipulated that in respect of any asset, acquisition of which has been claimed as an application