{"id":3973,"date":"2019-02-17T09:30:24","date_gmt":"2019-02-17T09:30:24","guid":{"rendered":"http:\/\/itatonline.org\/digest\/marie-gold-realtors-pvt-ltd-v-pcit-mum-trib-ur\/"},"modified":"2019-02-17T09:30:24","modified_gmt":"2019-02-17T09:30:24","slug":"marie-gold-realtors-pvt-ltd-v-pcit-mum-trib-ur","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/marie-gold-realtors-pvt-ltd-v-pcit-mum-trib-ur\/","title":{"rendered":"Marie Gold Realtors Pvt. Ltd  v. PCIT (Mum) (Trib) (UR)"},"content":{"rendered":"<p>Allowing the appeal of the assesse the Tribunal held that the assessing officer has applied his mind at the time of passing the assessment order allowing the depreciation claim. The AO\u2019s view was a legally permissible view. Hence, the original order cannot be liable to be visited with a revisionary order by the PCIT, having a different opinion. Accordingly \u00a0the revision order was \u00a0quashed. ( Malabar Industrial Co. Ltd v. CIT [2000] 243 ITR 83 (SC), State Bank of India v. Asst. CIT (WP No. 271 2018 dt \u00a015-6-2018)\u00a0( ITAT No. 3495\/Mum\/2018 AY .2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263: Commissioner &#8211; Revision of orders prejudicial to revenue \u2013 Depreciation on tenancy rights \u2013 Allowed in original assessment \u2013 Legally permissible view &#8211; Revision and disallowance by PCIT \u2013 Mere change in opinion \u2013 Revision is bad in law. [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":[1],"tags":[],"class_list":["post-3973","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-125","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3973","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=3973"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3973\/revisions"}],"predecessor-version":[{"id":3987,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3973\/revisions\/3987"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}