In the result, appeal of the assessee stands allowed
Bench: Shri N.R.S. Ganesan & Shri Abraham P. George] आयकर अपील सं./I.T.A. No. 3342/Chny/2016 "नधा"रण वष" /Assessment Year : 2012-2013. M/S. Bannariamman Educational Vs. The Deputy Commissioner Of Trust, Income Tax, No.1212, Trichy Road, Exemptions, Coimbatore 641 018. Coimbatore. [Pan Aaatb 1235C] (अपीलाथ"/Appellant) (""यथ"/Respondent)
43C. That, section 32(1) of the Act provides for depreciation in respect of building, plant and machinery owned by the assessee