{"id":26802,"date":"2022-05-04T21:34:26","date_gmt":"2022-05-04T16:04:26","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-padmini-products-p-ltd-2021-133-taxmmann-com-174-karn-hc-editorial-notice-is-issued-in-slp-filed-by-the-revenue-dy-cit-v-padmini-products-p-ltd-2022-284-taxman-374-sc\/"},"modified":"2022-05-04T21:34:26","modified_gmt":"2022-05-04T16:04:26","slug":"dy-cit-v-padmini-products-p-ltd-2021-133-taxmmann-com-174-karn-hc-editorial-notice-is-issued-in-slp-filed-by-the-revenue-dy-cit-v-padmini-products-p-ltd-2022-284-taxman-374-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-padmini-products-p-ltd-2021-133-taxmmann-com-174-karn-hc-editorial-notice-is-issued-in-slp-filed-by-the-revenue-dy-cit-v-padmini-products-p-ltd-2022-284-taxman-374-sc\/","title":{"rendered":"Dy. CIT v. Padmini Products (P.) Ltd. (2021) 133 taxmmann.com 174 (Karn.)(HC) Editorial : Notice is issued in SLP filed by the revenue ; Dy. CIT v. Padmini Products (P.) Ltd. (2022) 284 Taxman 374 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that when a partnership firm was succeeded in its business by \u00a0a company and there was a transfer of intangible assets by partnership firm to assessee in lieu of shares issued to partners of erstwhile firm, such transaction was covered under section 47(xiii) and, therefore, successor assessee-company was entitled to claim depreciation on actual cost incurred by it with reference to such intangible assets. (AY. 2005-06 to 2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Firm succeeded by company-Intangible assets-Successor assessee-company was entitled to claim depreciation on actual cost incurred by it with reference to such intangible assets. [S. 35(2(AB), 47(xiii)] <\/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-26802","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6Yi","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26802","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=26802"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26802\/revisions"}],"predecessor-version":[{"id":26803,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26802\/revisions\/26803"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=26802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=26802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}