{"id":32675,"date":"2023-02-10T12:49:10","date_gmt":"2023-02-10T07:19:10","guid":{"rendered":"https:\/\/itatonline.org\/digest\/bmw-india-p-ltd-v-dy-cit-2022-289-taxman-39-p-hhc\/"},"modified":"2023-02-18T09:40:38","modified_gmt":"2023-02-18T04:10:38","slug":"bmw-india-p-ltd-v-dy-cit-2022-289-taxman-39-p-hhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bmw-india-p-ltd-v-dy-cit-2022-289-taxman-39-p-hhc\/","title":{"rendered":"BMW India (P) Ltd. v. Dy. CIT (2022) 289 Taxman 39 \/(2023)) 450 ITR 695 (P&#038; H)(HC)"},"content":{"rendered":"<p>During scrutiny, Assessing Officer made certain disallowances and passed final assessment order. Tribunal stayed said order and directed assessee to deposit an amount of Rs. 10 crores.\u00a0 Later, matter was remanded to Assessing Officer.\u00a0\u00a0 As per remand order, Assessing Officer was required to pass assessment order by 31-3-2017. The assessee was not granted the refund of the amount. On writ the Court held that since time limit for passing fresh assessment order had expired and assessee admitted disallowance with respect to depreciation before Tribunal, revenue was directed to refund excess amount deposited by assessee after deducting tax liability with respect to depreciation disallowance.\u00a0 (AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 240 : Refunds-Appeal-Depreciation-Amount deposited when the appeal was pending before ITAT-Failure to  pass  fresh assessment order  officer-Directed to refund excess amount deposited after deduction tax liability on depreciation allowance. [S. 143(3), 153, Art. 226] <\/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-32675","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8v1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32675","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=32675"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32675\/revisions"}],"predecessor-version":[{"id":32849,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32675\/revisions\/32849"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=32675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=32675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=32675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}