{"id":35593,"date":"2023-08-24T15:28:04","date_gmt":"2023-08-24T09:58:04","guid":{"rendered":"https:\/\/itatonline.org\/digest\/miki-memorial-trust-v-acit-2022-96-itr-7-sn-raipur-trib\/"},"modified":"2023-08-24T15:28:04","modified_gmt":"2023-08-24T09:58:04","slug":"miki-memorial-trust-v-acit-2022-96-itr-7-sn-raipur-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/miki-memorial-trust-v-acit-2022-96-itr-7-sn-raipur-trib\/","title":{"rendered":"Miki Memorial Trust v. ACIT (2022) 96 ITR 7 (SN) (Raipur) (Trib)"},"content":{"rendered":"<p>The Assessing Officer denied the depreciation on assets on the ground that the entire cost of the assets had on a previous occasion been claimed and allowed as application of income in the hands of the assessee, and the Commissioner (Appeals) affirmed. On appeal the Tribunal held that\u00a0 the assessee was entitled to depreciation on assets where the full value of assets was on a previous occasion claimed as the application of income. (AY.\u00a0 2013-14, 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes-Depreciation-Assets cost allowed as application of  income-Amended provision of Section 11(6) prospective in nature-Applicable for AY.  2015-16 and subsequent years. [S. 11(6)] <\/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-35593","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9g5","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35593","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=35593"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35593\/revisions"}],"predecessor-version":[{"id":35594,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35593\/revisions\/35594"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=35593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=35593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=35593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}