{"id":28204,"date":"2022-07-07T16:40:39","date_gmt":"2022-07-07T11:10:39","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-intas-pharma-ltd-2022-441-itr-141-guj-hc\/"},"modified":"2022-07-07T16:40:39","modified_gmt":"2022-07-07T11:10:39","slug":"pcit-v-intas-pharma-ltd-2022-441-itr-141-guj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-intas-pharma-ltd-2022-441-itr-141-guj-hc\/","title":{"rendered":"PCIT v. Intas Pharma Ltd. (2022) 441 ITR 141 (Guj.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal\u00a0 of the revenue the Court held that\u00a0 the assessee had made a claim to depreciation on the strength of the tax audit report, and furthermore, there was a complete disclosure about its claim under section\u00a080HHC\u00a0supported by the certification issued by the chartered accountant. Merely because the claim on the merits was not granted, the penalty could not be levied. Followed CIT v. Reliance Petroproducts (P.) Ltd. (2010) 322 ITR 158 (SC). (AY.2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271(1)(c) : Penalty-Concealment-Depreciation-levy of penalty is not justified. [S. 32, 8HHC] <\/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-28204","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7kU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28204","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=28204"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28204\/revisions"}],"predecessor-version":[{"id":28205,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28204\/revisions\/28205"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=28204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=28204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=28204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}