{"id":28723,"date":"2022-07-25T17:12:00","date_gmt":"2022-07-25T11:42:00","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sudhakar-pandey-v-acit-2022-193-itd-557-smc-all-trib\/"},"modified":"2022-07-25T17:12:00","modified_gmt":"2022-07-25T11:42:00","slug":"sudhakar-pandey-v-acit-2022-193-itd-557-smc-all-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sudhakar-pandey-v-acit-2022-193-itd-557-smc-all-trib\/","title":{"rendered":"Sudhakar Pandey v. ACIT (2022) 193 ITD 557 (SMC) (All.) (Trib.)"},"content":{"rendered":"<p>Assessee, a civil contractor, filed his return of income declaring total income. Assessing Officer rejected books of account and estimated income by applying rate of 8 per cent of total contract receipts\u00a0 and disallowed the depreciation. On appeal the Tribunal held that\u00a0 when the income is estimated no separate claim of depreciation is allowable.\u00a0 (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 44AD : Presumptive  taxation-Civil construction business-depreciation-Rejection of books of account and estimate of income applying  rate of 8 percent-No separate claim of depreciation is allowable. [S. 32, 144] <\/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-28723","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7th","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28723","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=28723"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28723\/revisions"}],"predecessor-version":[{"id":28724,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28723\/revisions\/28724"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=28723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=28723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=28723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}