THE COMMISSIONER OF INCOME TAX-III vs. M/S. SOMA ENTERPRISES LTD
The appeal is disposed off accordingly
ITTA/209/2010HC Telangana16 Jul 2025
Bench: The Hon'Ble Mr. Justice Ravi Malimath
Section 11Section 12ASection 133ASection 143(1)Section 143(2)Section 194JSection 260Section 40
Trust in the year in which the
income was spent in acquiring those assets. Therefore,
it had been meant that in computing the income from
those assets in the subsequent years, depreciation in
respect of those assets cannot be taken into account.
This view of the Tribunal has been confirmed by the
Bombay High Court in the above judgment. Therefore
