M/S.MARYMATHA SCHOOL TRUST,COCHIN vs. THE ITO(EXEMPTION), COCHIN
In the result, the appeal filed by the assessee is partly allowed
ITA 285/COCH/2017[2012-13]Status: DisposedITAT Cochin30 Aug 2018AY 2012-13
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]
Section 11Section 11(1)(a)Section 143(3)Section 263Section 272A(2)(e)Section 272A(3)Section 272A(4)
disallowance.
However, the assessee claimed that they can claim depreciation as application of income upto and including the assessment year 2014-15 on the basis of section 11(6) inserted by Finance (No.2) Act, 2014, with effect from 01-04-2015 which was not acceptable by the CIT(E). Before the CIT(E), the assessee placed reliance on section
