{"id":47094,"date":"2024-10-17T12:10:01","date_gmt":"2024-10-17T06:40:01","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-vishaldeep-spinning-mills-ltd-2024-299-taxman-368-465-itr-530-sc-editorial-pcit-v-vishaldeep-spinning-mills-ltd2023-153-taxmann-com-372-2024-465-itr-524-gujhc\/"},"modified":"2024-10-17T12:10:01","modified_gmt":"2024-10-17T06:40:01","slug":"pcit-v-vishaldeep-spinning-mills-ltd-2024-299-taxman-368-465-itr-530-sc-editorial-pcit-v-vishaldeep-spinning-mills-ltd2023-153-taxmann-com-372-2024-465-itr-524-gujhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-vishaldeep-spinning-mills-ltd-2024-299-taxman-368-465-itr-530-sc-editorial-pcit-v-vishaldeep-spinning-mills-ltd2023-153-taxmann-com-372-2024-465-itr-524-gujhc\/","title":{"rendered":"PCIT v. Vishaldeep Spinning Mills Ltd. (2024) 299 Taxman 368 \/ 465 ITR 530 (SC) Editorial : PCIT v. Vishaldeep Spinning Mills Ltd(2023) 153 taxmann.com 372 \/ (2024) 465 ITR 524 (Guj)(HC)"},"content":{"rendered":"<p>High Court\u00a0 held that unabsorbed depreciation pertaining to assessment year 1997-98 could be allowed to be carried forward and set off after a period of eight years without any limit whatsoever in accordance with section 32(2) as amended by Finance Act, 2001. SLP filed by the Revenue is dismissed. <strong>\u00a0<\/strong>(AY. 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Carry forward and set off-Unabsorbed depreciation pertaining to assessment year 1997-98 could be allowed to be carried forward and set off after a period of eight years without any limit whatsoever in accordance with section 32(2) as amended by Finance Act, 2001-SLP of Revenue is dismissed.   [S. 32(2), Art. 136] <\/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-47094","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cfA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47094","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=47094"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47094\/revisions"}],"predecessor-version":[{"id":47095,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47094\/revisions\/47095"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=47094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=47094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=47094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}