{"id":30262,"date":"2022-10-19T13:13:15","date_gmt":"2022-10-19T07:43:15","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-lakshmi-vilas-bank-ltd-2022-287-taxman-333-113-cch-336-mad-hc-2\/"},"modified":"2022-10-19T13:13:15","modified_gmt":"2022-10-19T07:43:15","slug":"cit-v-lakshmi-vilas-bank-ltd-2022-287-taxman-333-113-cch-336-mad-hc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-lakshmi-vilas-bank-ltd-2022-287-taxman-333-113-cch-336-mad-hc-2\/","title":{"rendered":"CIT v. Lakshmi Vilas Bank Ltd. (2022) 287 Taxman 333\/113 CCH 336 (Mad.)(HC)"},"content":{"rendered":"<p>Held that depreciation is allowable in respect of fall in value of securities\u00a0 held as stock in trade Followed\u00a0\u00a0 Lakshmi Vilas Bank Ltd. v. CIT (2006) 284 ITR 93 (SC) (AY 2001-02, 2002-03).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Stock in trade-Fall in value of  securities-Depreciation allowable. <\/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-30262","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7S6","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30262","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=30262"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30262\/revisions"}],"predecessor-version":[{"id":30263,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30262\/revisions\/30263"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=30262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=30262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=30262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}