DIRECTOR OF INCOME TAX & ORS. vs AL-AMEEN CHARITABLE FUND TRUST
Whether depreciation is allowable under Section 11 of the Act for charitable institutions, and whether allowing it results in double deduction when capital expenditure has already been claimed as application of income --- Held: Yes, depreciation is allowable under Section 11; no double deduction occurs as application of income and depreciation serve different purposes under Chapter III and Chapter IV respectively.
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