M/S. BARROWS BLUE BELLS SCHOOL,BAHARAICH vs. THE I.T.O. (E), LUCKNOW

Accordingly, the same are being dismissed as having become academic in nature

Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudhary

trust and accumulation of 15% of the gross income, would not apply. It was further submitted that the assessee had challenged the initiation of reassessment proceedings before the AO by filing objections to the same (placed at pages 7 to 9 of the paper book), but the same was rejected by the AO and the ld. CIT(A) had also

M/S. BARROWS BLUE BELLS SCHOOL,BAHARAICH vs. THE I.T.O. (E), LUCKNOW

Accordingly, the same are being dismissed as having become academic in nature

Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudhary

trust and accumulation of 15% of the gross income, would not apply. It was further submitted that the assessee had challenged the initiation of reassessment proceedings before the AO by filing objections to the same (placed at pages 7 to 9 of the paper book), but the same was rejected by the AO and the ld. CIT(A) had also

M/S. BARROWS BLUE BELLS SCHOOL,BAHARAICH vs. THE I.T.O. (E), LUCKNOW

charitable Trust on\nwhich no cost was borne by the assessee Trust.\nOther Hon'ble High Courts which have also taken\nthe view that depreciation is deductible are the Hon'ble\nKarnataka High Court in the case of CIT Vs. Society of the\nSisters of St. Anne(1984) 146 ITR 28 and the Hon'ble\nMadhya Pradesh High Court