CIT vs Seth Anandram Jaipuria Edu.Society

Whether depreciation can be claimed on capital assets whose entire cost has already been allowed as deduction under Section 11 of the Income Tax Act 1961, amounting to double deduction --- Held No, as Section 11 provides exemption, not deduction, and depreciation is allowable for computing income application. Whether scholarship payment to a student for higher education abroad qualifies as charitable expenditure --- Held Yes, as it advances education, a charitable purpose.