{"id":39320,"date":"2024-02-21T11:46:19","date_gmt":"2024-02-21T06:16:19","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-kuantum-papers-ltd-2023-295-taxman-546-delhihc\/"},"modified":"2024-09-08T16:41:40","modified_gmt":"2024-09-08T11:11:40","slug":"pcit-v-kuantum-papers-ltd-2023-295-taxman-546-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-kuantum-papers-ltd-2023-295-taxman-546-delhihc\/","title":{"rendered":"PCIT v. Kuantum Papers Ltd. (2023) 295 Taxman 546\/(2024)462 ITR 194  (Delhi)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the Revene the Court held that brand names will fall within scope of intangible assets, which are amenable to depreciation. Followed,<strong>\u00a0 <\/strong>CIT\u00a0v.\u00a0Smifs Securities Ltd.\u00a0[2012] 210 Taxman 428\/348 ITR 302. \u00a0CIT\u00a0v.\u00a0Glenmark Pharmaceutical Ltd.\u00a0[2013]213 Taxman 315\/351 ITR 359 (Bom) (HC)\u00a0 (AY. 2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Brand name-Intangible assets-Commercial rights-Depreciation is allowable. [S.32 (1)(ii)] <\/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-39320","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aec","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39320","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=39320"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39320\/revisions"}],"predecessor-version":[{"id":45855,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39320\/revisions\/45855"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=39320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=39320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=39320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}