{"id":28005,"date":"2022-07-05T14:01:43","date_gmt":"2022-07-05T08:31:43","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-damodar-valley-corporation-2022-285-taxman-236-cal-hc\/"},"modified":"2022-07-05T14:01:43","modified_gmt":"2022-07-05T08:31:43","slug":"pcit-v-damodar-valley-corporation-2022-285-taxman-236-cal-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-damodar-valley-corporation-2022-285-taxman-236-cal-hc\/","title":{"rendered":"PCIT v. Damodar Valley Corporation (2022) 285 Taxman 236 (Cal.)(HC)"},"content":{"rendered":"<p>Assessee which is\u00a0 engaged in generation of electricity from thermal power plant, it would be entitled for claiming additional depreciation under section 32(1)(iia) of the Act. Court also held that\u00a0 electricity needs to be construed as a movable property as it is capable of being transmitted and transferred etc.\u00a0\u00a0 (AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Generation of electricity-Entitled for additional depreciation. [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-28005","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7hH","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28005","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=28005"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28005\/revisions"}],"predecessor-version":[{"id":28006,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28005\/revisions\/28006"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=28005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=28005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=28005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}