Commissioner Of Income-Tax, ... vs Society Of The Sisters Of St. Anne on 26 August, 1983
In that case, as held in CIT v. Society of the Sisters of St. Anne [1984] 146 ITR 28 (Kar), if depreciation is not allowed as a necessary deduction for computing the income of a charitable institution, then there would be no way to preserve the corpus of the trust for deriving income. We respectfully agree with that decision.