{"id":24946,"date":"2022-02-21T12:17:55","date_gmt":"2022-02-21T06:47:55","guid":{"rendered":"https:\/\/itatonline.org\/digest\/industrial-incubators-p-ltd-v-dy-cit-2021-323-ctr-1001-2022-209-dtr-277-orissahc\/"},"modified":"2022-05-02T16:04:46","modified_gmt":"2022-05-02T10:34:46","slug":"industrial-incubators-p-ltd-v-dy-cit-2021-323-ctr-1001-2022-209-dtr-277-orissahc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/industrial-incubators-p-ltd-v-dy-cit-2021-323-ctr-1001-2022-209-dtr-277-orissahc\/","title":{"rendered":"Industrial Incubators (P) Ltd. v. Dy. CIT (2021) 323 CTR 1001 \/ (2022) 209 DTR 277\/ 284 Taxman 465  (Orissa)(HC)"},"content":{"rendered":"<p>The assessee is in the business of prawn cultivation. The assessee claimed depreciation on ponds and reservoirs at 100% treating the same as pollution control equipments. Tribunal affirmed the order of Assessing Officer who allowed the depreciation at 25%. High Court affirmed the order of Tribunal. The assessee also claimed depreciation at 25% on approach road, drainage, borewells, reservoirs etc.\u00a0 The Assessing Officer allowed the depreciation at 10%. The\u00a0 Tribunal affirmed the order of the Assessing Officer. On appeal High Court affirmed the order of Tribunal. (AY. 1994-95, 1995-96)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Plant and machinery-Ponds and reservoirs-Pollution control equipment\u2019s- Aerators Depreciation allowable at 25% as against 100% claimed by the assessee-Approach road, drainage, borewells, reservoirs etc-Depreciation allowable at 10 % as against 25% claimed by the assessee. [ S. 43(3 ) ]<\/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-24946","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6um","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24946","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=24946"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24946\/revisions"}],"predecessor-version":[{"id":26760,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24946\/revisions\/26760"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=24946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=24946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=24946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}