{"id":17188,"date":"2021-04-25T12:00:02","date_gmt":"2021-04-25T06:30:02","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-aztec-auto-p-ltd-2020-119-taxmann-com-215-2021-277-taxman-273-mad-hc\/"},"modified":"2021-04-25T12:00:02","modified_gmt":"2021-04-25T06:30:02","slug":"cit-v-aztec-auto-p-ltd-2020-119-taxmann-com-215-2021-277-taxman-273-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-aztec-auto-p-ltd-2020-119-taxmann-com-215-2021-277-taxman-273-mad-hc\/","title":{"rendered":"CIT v. Aztec Auto (P.) Ltd (2020) 119 taxmann.com 215 \/(2021) 277 Taxman 273 (Mad.)(HC)"},"content":{"rendered":"<p>Assessee acquired plant and machinery in the second half of FY 2007-08 and the asset was put to use for less than 180 days in that year. Additional depreciation at 10% was allowed in AY 2008-09 under section 32(1)(iia) of the Act and the balance additional depreciation at 10% was allowed in the subsequent year i.e. AY 2009-10. The High Court \u00a0relied on the decision of DCIT v. Brakes India Ltd (IT Appeal No. 1069 (Mds) of 2010 dt. 6-1-2012) which has been approved by the Supreme Court. (TCNo. 267 of 2020 dt. 07-09-2020) (AY.2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation \u2013 Asset put to use for less than 180 days \u2013 additional depreciation of 10% allowed in the year and balance 10% would be allowed in the subsequent year [S. 32(1)(iia)]<\/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-17188","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4te","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17188","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=17188"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17188\/revisions"}],"predecessor-version":[{"id":17189,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17188\/revisions\/17189"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=17188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=17188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=17188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}