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![‘Depreciation’ is not an Expense but Allowance for Purpose of Exemption under Sec 10(29) of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "‘Depreciation’ is not an Expense but Allowance for Purpose of Exemption under Sec 10(29) of Income Tax Act: Delhi HC [Read Order]")
‘Depreciation’ is not an Expense but Allowance for Purpose of Exemption under Sec 10(29) of Income Tax Act: Delhi HC [Read Order]
A division bench of the Delhi High Court upheld the ITAT order  wherein it was held that the deductible income under Section 10 (29) of the Income Tax...