{"id":41229,"date":"2024-04-02T19:07:22","date_gmt":"2024-04-02T13:37:22","guid":{"rendered":"https:\/\/itatonline.org\/digest\/indianoil-petronas-p-ltd-v-pcit-2023-203-itd-116-kol-trib\/"},"modified":"2024-04-02T19:07:22","modified_gmt":"2024-04-02T13:37:22","slug":"indianoil-petronas-p-ltd-v-pcit-2023-203-itd-116-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/indianoil-petronas-p-ltd-v-pcit-2023-203-itd-116-kol-trib\/","title":{"rendered":"Indianoil petronas P. Ltd. v. PCIT (2023) 203 ITD 116 (Kol (Trib)"},"content":{"rendered":"<p>Assessee claimed depreciation on leasehold asset as separate deduction under title \u2018throughput charges\u2019 . it was noted that audited financial statement which included statement of profit and loss had and intangible assets which included equipment under lease. Therefore premise on which revisionary proceedings were invoked did not hold good and accordingly impugned revision was set aside.\u00a0 (AY. 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner &#8211; Revision of orders prejudicial to revenue &#8211; depreciation \u2013Leased equipment \u2013 Revision order is quashed .[ S. 32 ] <\/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-41229","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aIZ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41229","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=41229"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41229\/revisions"}],"predecessor-version":[{"id":41230,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41229\/revisions\/41230"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=41229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=41229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=41229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}