{"id":4551,"date":"2019-03-28T09:57:51","date_gmt":"2019-03-28T09:57:51","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-punalur-paper-mills-ltd-2019-411-itr-563-ker-hc\/"},"modified":"2019-07-14T04:06:24","modified_gmt":"2019-07-14T04:06:24","slug":"cit-v-punalur-paper-mills-ltd-2019-411-itr-563-ker-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-punalur-paper-mills-ltd-2019-411-itr-563-ker-hc\/","title":{"rendered":"CIT v. Punalur Paper Mills Ltd. (2019) 411 ITR 563 \/176 DTR 342\/ 309 CTR 42(Ker.)(HC)"},"content":{"rendered":"<p>The concept of passive use could not be extended for twenty\u00a0 four years , when the asseseee\u2019s unit had remained closed , especially when one of the conditions are found from S. 32(1) is the requirement of user of the tangible or other assets , in the previous year in which the deduction or allowance is claimed. Accordingly the assessee is not entitle to set off the carried forward unabsorbed depreciation. <strong>\u00a0<\/strong>(AY. 1985-86, 1996-97 to 2002-03)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation\u2014Concept of passive user cannot be extended for long period\u2014No allowance of depreciation in particular year\u2014 unabsorbed depreciation cannot be carried forward. [S. 32(2)]<\/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-4551","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1bp","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4551","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=4551"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4551\/revisions"}],"predecessor-version":[{"id":6105,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4551\/revisions\/6105"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}