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![Depreciation Claim of Trust is Allowable as Application Income u/s 11 of Income Tax Act: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Depreciation-Taxscan.jpg "Depreciation Claim of Trust is Allowable as Application Income u/s 11 of Income Tax Act: ITAT Mumbai [Read Order]")
Depreciation Claim of Trust is Allowable as Application Income u/s 11 of Income Tax Act: ITAT Mumbai [Read Order]
Recently, in DCIT(E) v. Shri Sudhir Madhavji Lall Welfare & Educational Trust, the Mumbai ITAT confirmed that depreciation claim of a trust is an...