{"id":19886,"date":"2021-07-02T12:55:44","date_gmt":"2021-07-02T07:25:44","guid":{"rendered":"https:\/\/itatonline.org\/digest\/nalco-water-india-v-acit-2020-188-dtr-77-205-ttj-380-pune-trib\/"},"modified":"2021-07-02T12:55:44","modified_gmt":"2021-07-02T07:25:44","slug":"nalco-water-india-v-acit-2020-188-dtr-77-205-ttj-380-pune-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/nalco-water-india-v-acit-2020-188-dtr-77-205-ttj-380-pune-trib\/","title":{"rendered":"Nalco Water India. v. ACIT (2020) 188 DTR 77 \/ 205 TTJ 380 (Pune) (Trib)"},"content":{"rendered":"<p><em>Assessee was company engaged in business of manufacturing and dealing with water \u00a0treatment chemicals, industrial additives, oilfield chemicals and trading of <\/em><em>equipments<\/em><em> . It claimed depreciation on new plant and machinery . The\u00a0 Assessing Officer held that there was no justification for installing those plant and machineries at customers site at free of cost hence dis<\/em><em>a<\/em><em>l<\/em><em>l<\/em><em>owed the depreciation . CIT (A) deleted the disallowance and held that\u00a0 the\u00a0 assessee brought to notice by filing sample copies of some of agreements whereby assessee had agreed that monitoring equipments and pumps would be installed at clients premises and Installation of equipments in client\u2019s premises of assessee\u2019s equipments was necessary and part and parcel of nature of business carried on by assessee\u00a0 .On appeal Tribunal affirmed the order of the CIT ( A )\u00a0 . Tribunal held that \u00a0disallowance of 5% of reimbursement of expenses is held to be justified .(<\/em>AY. 2008 09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation \u2013 Water treatment chemicals, industrial additives- Installation at  customers site  at free of cost \u2013 Disallowance is held to be allowable \u2013 Conveyance reimbursement \u2013 5% of disallowance is held to be reasonable [ S.37 (1)]<\/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-19886","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5aK","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19886","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=19886"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19886\/revisions"}],"predecessor-version":[{"id":19887,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19886\/revisions\/19887"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=19886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=19886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=19886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}