{"id":4082,"date":"2019-02-25T10:46:51","date_gmt":"2019-02-25T10:46:51","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-tulip-hospitality-service-ltd-2019-261-taxman-16-bom-hc-2\/"},"modified":"2019-03-24T02:14:47","modified_gmt":"2019-03-24T02:14:47","slug":"pcit-v-tulip-hospitality-service-ltd-2019-261-taxman-16-bom-hc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-tulip-hospitality-service-ltd-2019-261-taxman-16-bom-hc-2\/","title":{"rendered":"PCIT  v. Tulip Hospitality Service Ltd. (2019) 261 Taxman 16 \/( 2019) 411 ITR 595 (Bom.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that\u00a0\u00a0 intangible assets in question being permits, licenses and approvals were required for carrying on business of hotel, they fell within meaning of intangible assets under S 32 which were purchased in slump sale, Tribunal is justified in allowing depreciation. (AY. 2004-05, 2005 -06)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Licenses, permits,  approvals-Intangible- Purchased in slump sale-Depreciation is allowable at  rate of 25 per cent.<\/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-4082","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-13Q","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4082","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=4082"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4082\/revisions"}],"predecessor-version":[{"id":4515,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4082\/revisions\/4515"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}