{"id":15367,"date":"2021-03-02T11:44:25","date_gmt":"2021-03-02T06:14:25","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-gunnebo-india-pvt-ltd-2020-428-itr-233-bom-hc\/"},"modified":"2021-03-02T11:44:25","modified_gmt":"2021-03-02T06:14:25","slug":"pcit-v-gunnebo-india-pvt-ltd-2020-428-itr-233-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-gunnebo-india-pvt-ltd-2020-428-itr-233-bom-hc\/","title":{"rendered":"PCIT v. Gunnebo India Pvt. Ltd. (2020) 428 ITR 233 (Bom.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the court held that the, unabsorbed depreciation\u00a0 an be set off against long-term capital gains is permissible. Court also held that valuation adopted by the Tribunal sale of land and building\u00a0 separately is held to be proper. (AY. 2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains-Unabsorbed depreciation-Set off against long-term capital gains is permissible-Block of assets-Sale of  land and building-Land and building valued separately-Held to be proper. [S. 2(11),  32(2), 71, 72, 73]<\/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-15367","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3ZR","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15367","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=15367"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15367\/revisions"}],"predecessor-version":[{"id":15368,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15367\/revisions\/15368"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=15367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}