{"id":25067,"date":"2022-02-21T16:34:10","date_gmt":"2022-02-21T11:04:10","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-engineers-works-2021-323-ctr-485-aphc\/"},"modified":"2022-02-21T16:34:10","modified_gmt":"2022-02-21T11:04:10","slug":"pcit-v-engineers-works-2021-323-ctr-485-aphc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-engineers-works-2021-323-ctr-485-aphc\/","title":{"rendered":"PCIT v. Engineers Works (2021) 323 CTR 485 (AP)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of revenue the Court held that deduction of depreciation from gross receipts of income estimated @ 12.5 per cent on main contractual receipts is a debatable question of law and fact. Order of\u00a0 Tribunal is affirmed. Followed T.S. Balaram, ITO v. Volkart Brothers &amp; Ors. (1971) 82 ITR 50 \/\u00a0 2 SCC 526\u00a0 (AY. 2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 154 : Rectification of mistake-Depreciation-Contractor-Income estimated at 12.5 % of contractual receipts-Debatable-Rectification was held  to be not justified. [S. 32(1)(ii)]  <\/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-25067","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6wj","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25067","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=25067"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25067\/revisions"}],"predecessor-version":[{"id":25068,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25067\/revisions\/25068"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}