Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No.285/Coch/2017 Assessment Year : 2012-13 M/S. Mary Matha School Trust, Vs. The Income Tax Officer Thrikkakara P.O. (Exemption), Kochi. Kochi-682 021. [Pan:Aabtm 0241L]
depreciation. It was observed that while section 11 of the Act provides for computation of income of an institution from the property held for charitable or religious purposes and for the application of income, section 28 of the Act deals with chargeability of income from profits and gains of business. Section 29 provides for computation of such income in accordance