{"id":28003,"date":"2022-07-05T14:01:24","date_gmt":"2022-07-05T08:31:24","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-asian-mills-p-ltd-2022-285-taxman-422-guj-hc\/"},"modified":"2022-07-05T14:01:24","modified_gmt":"2022-07-05T08:31:24","slug":"pcit-v-asian-mills-p-ltd-2022-285-taxman-422-guj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-asian-mills-p-ltd-2022-285-taxman-422-guj-hc\/","title":{"rendered":"PCIT v. Asian Mills (P.) Ltd. [2022] 285 Taxman 422 (Guj.)(HC)"},"content":{"rendered":"<p>Held that the assessee was beneficial owner of cars as it has made payment for acquisition of cars and hence was entitled to claim depreciation and other expenses on cars registered in name of directors. (AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Beneficial owner-Car registered in the name of Director-Depreciation, TRO expenses  and insurance chrges are allowable as business expenditure. [S. 37(1)] <\/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-28003","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7hF","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28003","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=28003"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28003\/revisions"}],"predecessor-version":[{"id":28004,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28003\/revisions\/28004"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=28003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=28003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=28003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}