{"id":21050,"date":"2021-08-11T12:10:25","date_gmt":"2021-08-11T06:40:25","guid":{"rendered":"https:\/\/itatonline.org\/digest\/citltu-v-areva-t-d-india-ltd-2021434-itr-604-mad-hc\/"},"modified":"2021-08-11T12:10:25","modified_gmt":"2021-08-11T06:40:25","slug":"citltu-v-areva-t-d-india-ltd-2021434-itr-604-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/citltu-v-areva-t-d-india-ltd-2021434-itr-604-mad-hc\/","title":{"rendered":"CIT(LTU) v. Areva T &#038; D India Ltd. (2021)434 ITR 604 (Mad.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that depreciation is allowable in respect of property acquired in exchange of relinquishment of tenancy rights in another property. Court also held that depreciation on non-compete fees is held to be allowable. Followed CIT v. Areva T &amp; D India Ltd.<\/p>\n<p>(2012)\u00a0 26 taxmann.com 266 (Mad.)(HC). (AY.2006-07)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Property acquired in exchange of  extinguishment of tenancy rights-Depreciation allowable-Non-Compete fee-Depreciation allowable on principle of consistency.<\/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-21050","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5tw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/21050","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=21050"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/21050\/revisions"}],"predecessor-version":[{"id":21051,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/21050\/revisions\/21051"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=21050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=21050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=21050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}