THE DIT ( EXEMPTION), KOCHI vs. M/S.INDIAN MEDICAL ASSOCIATION COCHIN BRANCH, COCHIN

In the result, both the appeals of the Revenue are dismissed

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

depreciation for charitable trusts have been introduced in the Income Tax Act by inserting sub-section (6) of section 11 by the Finance Act, (No.2), 2014 with effect from 01/04/2015, i.e., assessment year 2015- I.T.A. Nos. 327&507/Coch/2019 16. He relied on the decision of the ITAT, Hyderabad Bench in the case of Kalinga Cultural Trust cited supra

THE ADIT ( EXEMPTION), KOCHI vs. M/S.INDIAN MEDICAL ASSOCIATION COCHIN BRANCH, COCHIN

In the result, both the appeals of the Revenue are dismissed