{"id":17916,"date":"2021-05-10T16:41:19","date_gmt":"2021-05-10T11:11:19","guid":{"rendered":"https:\/\/itatonline.org\/digest\/shakti-hormann-pvt-ltd-v-dy-cit-2020-83-itr-515-hyd-trib\/"},"modified":"2021-05-10T16:41:19","modified_gmt":"2021-05-10T11:11:19","slug":"shakti-hormann-pvt-ltd-v-dy-cit-2020-83-itr-515-hyd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/shakti-hormann-pvt-ltd-v-dy-cit-2020-83-itr-515-hyd-trib\/","title":{"rendered":"Shakti Hormann Pvt. Ltd. v. Dy.CIT (2020) 83 ITR 515 (Hyd.)(Trib.)"},"content":{"rendered":"<p>Tribunal held that under section\u00a043(6)\u00a0of the\u00a0Income-tax Act, 1961\u00a0the written down value of the block of assets was to be reduced by the sale proceeds received on sale of one or more of the assets from the block and not the entire written down value of the assets. Therefore, the Assessing Officer was to reduce only the sale proceeds of Rs. 26,782 from the written down value of the block of the assets and allow the depreciation on the balance of the written down value.(AY. 2004-05)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 43(6) : Written down value-Depreciation-Block of assets-Assessing Officer to reduce only sale proceeds from written down value of  block of  assets and allow depreciation on  balance of  written down value.  [S. 2(11), 45, 50]  <\/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-17916","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4EY","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17916","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=17916"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17916\/revisions"}],"predecessor-version":[{"id":17917,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17916\/revisions\/17917"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=17916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=17916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=17916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}