{"id":47416,"date":"2024-10-31T09:06:05","date_gmt":"2024-10-31T03:36:05","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-vishaldeep-spinning-mills-ltd-2023-153-taxmann-com-372-2024-465-itr-524-gujhc-editorial-slp-of-revenue-is-dismissed-pcit-v-vishaldeep-spinning-mills-ltd-2024465-itr-530-299-ta\/"},"modified":"2024-10-31T09:06:05","modified_gmt":"2024-10-31T03:36:05","slug":"pcit-v-vishaldeep-spinning-mills-ltd-2023-153-taxmann-com-372-2024-465-itr-524-gujhc-editorial-slp-of-revenue-is-dismissed-pcit-v-vishaldeep-spinning-mills-ltd-2024465-itr-530-299-ta","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-vishaldeep-spinning-mills-ltd-2023-153-taxmann-com-372-2024-465-itr-524-gujhc-editorial-slp-of-revenue-is-dismissed-pcit-v-vishaldeep-spinning-mills-ltd-2024465-itr-530-299-ta\/","title":{"rendered":"PCIT v. Vishaldeep Spinning Mills Ltd [2023] 153 taxmann.com 372 \/ (2024) 465 ITR 524 (Guj)(HC) Editorial : SLP of Revenue is dismissed, PCIT v. Vishaldeep Spinning Mills Ltd. (2024)465 ITR 530\/299 Taxman 368 (SC)"},"content":{"rendered":"<p>Held, dismissing the appeal, that the Tribunal was justified in confirming the order of the Commissioner (Appeals) allowing carry forward and set off of unabsorbed depreciation of the assessment years 1996-97 to 1998-99 and the amount on account of increase in written down value for the assessment years 2004-05 and 2005-06, in the assessment year 2007-08, without any limitation of period.\u00a0 Circular No. 14 of 2001 dated November 9, 2001 ([2001] 252 ITR (St.) 65), Finance Act, 2001\u00a0[2001] 249 ITR (St.) 37. General Motors India (P.) Ltd. v. Dy. CIT (2013) 354 ITR 244 (Guj)(HC)\u00a0\u00a0 \u00a0\u00a0(AY.2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Carry forward and set off of  unabsorbed depreciation-Amendment of  Section  32(2)  by Finance Act, 2001-Unabsorbed depreciation or part thereof not set off  till Assessment year 2002-03-Carry forward and set off permitted without limit.[S. 32(2) 260A]  <\/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-47416","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-ckM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47416","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=47416"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47416\/revisions"}],"predecessor-version":[{"id":47417,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47416\/revisions\/47417"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=47416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=47416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=47416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}