{"id":22516,"date":"2021-11-13T18:22:58","date_gmt":"2021-11-13T12:52:58","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-hinduja-foundries-ltd-2021-281-taxman-448-mad-hc\/"},"modified":"2021-11-13T18:22:58","modified_gmt":"2021-11-13T12:52:58","slug":"cit-v-hinduja-foundries-ltd-2021-281-taxman-448-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-hinduja-foundries-ltd-2021-281-taxman-448-mad-hc\/","title":{"rendered":"CIT v. Hinduja Foundries Ltd. (2021) 281 Taxman 448 (Mad.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that in terms of section 32(1)(iia), there is no restriction on assessee to carry forward additional depreciation and, thus, where assessee claimed 50 per cent of additional depreciation in year of purchase of machinery as it was put to use for less than 180 days during said year, there is no restriction in Act to deny benefit of balance 50 per cent in subsequent year.(AY.2007-08, 2009-10 , \u00a02010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation -Additional depreciation &#8211; Machinery was  put to use for less than 180 days \u2013 Balance depreciation of 50%  is allowable in 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-22516","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5Ra","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22516","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=22516"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22516\/revisions"}],"predecessor-version":[{"id":22517,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22516\/revisions\/22517"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=22516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=22516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}