{"id":17806,"date":"2021-05-10T15:53:09","date_gmt":"2021-05-10T10:23:09","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-punjab-national-bank-2020-82-itr-95-delhitrib-2\/"},"modified":"2021-05-10T15:53:09","modified_gmt":"2021-05-10T10:23:09","slug":"dy-cit-v-punjab-national-bank-2020-82-itr-95-delhitrib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-punjab-national-bank-2020-82-itr-95-delhitrib-2\/","title":{"rendered":"Dy. CIT v. Punjab National Bank (2020) 82 ITR 95 (Delhi)(Trib.)"},"content":{"rendered":"<p>Tribunal held that calculation for depreciation on Securities Worked out\u00a0 in terms of\u00a0 RBI\u00a0 guidelines and only incremental depreciation debited in profit and loss account.\u00a0 Accumulated Depreciation in respect of\u00a0 any security sold during year automatically reduced at end of\u00a0 relevant year.\u00a0 Profit on sale of\u00a0 securities correctly reflected in profit and loss account. Depreciation on valuation of\u00a0 securities allowable as business loss. Deletion of addition by CIT(A) is held to be justified. (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Securities-RBI guidelines-Depreciation on valuation of Securities allowable as business loss. [S. 28(i)] <\/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-17806","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4Dc","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17806","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=17806"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17806\/revisions"}],"predecessor-version":[{"id":17807,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17806\/revisions\/17807"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=17806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=17806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=17806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}