{"id":13758,"date":"2020-11-14T14:32:18","date_gmt":"2020-11-14T14:32:18","guid":{"rendered":"https:\/\/itatonline.org\/digest\/landbase-india-ltd-v-acit-2020-80-itr-580-delhi-trib-3\/"},"modified":"2021-02-13T10:07:35","modified_gmt":"2021-02-13T04:37:35","slug":"landbase-india-ltd-v-acit-2020-80-itr-580-delhi-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/landbase-india-ltd-v-acit-2020-80-itr-580-delhi-trib-3\/","title":{"rendered":"Landbase India Ltd. v. ACIT (2020) 80 ITR 580 \/ 185 ITD 40\/ 116 taxmann.co 574  ( Delhi) (Trib)"},"content":{"rendered":"<p>Tribunal held that the golf course owned and used by the assessee for the purpose of the business was a tool of the business of the assessee. It functioned like a plant in the case of the assessee. The assessee was eligible for depreciation thereon at 15 per cent. Followed Landbase India Ltd. v. ACIT (IT A. Nos. 1030-31\/Delhi\/2019 dt. 26 -8 &#8211; 2019).<em>(<\/em> AY.2013-14, 2014-15, 2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation \u2013 Golf course \u2013 Plant \u2013 Entitle to depreciation . <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-13758","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3zU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=13758"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13758\/revisions"}],"predecessor-version":[{"id":15239,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13758\/revisions\/15239"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=13758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}