{"id":43953,"date":"2024-06-27T13:45:57","date_gmt":"2024-06-27T08:15:57","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-aatash-narcontrol-ltd-2023103-itr-334-149-taxmann-com-157-ahdtrib\/"},"modified":"2024-06-27T13:45:57","modified_gmt":"2024-06-27T08:15:57","slug":"dy-cit-v-aatash-narcontrol-ltd-2023103-itr-334-149-taxmann-com-157-ahdtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-aatash-narcontrol-ltd-2023103-itr-334-149-taxmann-com-157-ahdtrib\/","title":{"rendered":"Dy. CIT v. Aatash Narcontrol Ltd. (2023)103 ITR 334 \/ 149 taxmann.com 157 (Ahd)(Trib)"},"content":{"rendered":"<p>Held that the assets being vacuum cleaner, water dispenser, EPABX installation, etc., were clearly not in the nature of \u201cfurniture and fittings\u201d qualifying for depreciation at the rate of 10 per cent. Further, the Commissioner (Appeals) had taken note of section\u00a032A\u00a0relating to investment allowance as well as section\u00a032(1)(ii)(a)\u00a0relating to additional depreciation on plant and machinery, which ruled out the allowance or additional depreciation on old plant and machinery while allowing an exemption to office appliances, to conclude that office appliances qualified as plant and machinery for depreciation at the rate of 15 per cent. Entitle to\u00a0\u00a0 depreciation at 15 per cent. (AY.2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Rate of  depreciation-Plant and machinery-Vacuum Cleaner, Water Dispenser and Epabx Machine-Not furniture and fittings-Eligible to depreciation at  rate of  15 Per Cent. [S. 32 (1)(ii)(a), 32A]   <\/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-43953","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bqV","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43953","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=43953"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43953\/revisions"}],"predecessor-version":[{"id":43954,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43953\/revisions\/43954"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}