{"id":48040,"date":"2024-11-19T12:26:41","date_gmt":"2024-11-19T06:56:41","guid":{"rendered":"https:\/\/itatonline.org\/digest\/piramal-enterprises-ltd-v-dcit-2024-205-itd-636-mum-trib-4\/"},"modified":"2025-03-24T06:28:00","modified_gmt":"2025-03-24T00:58:00","slug":"piramal-enterprises-ltd-v-dcit-2024-205-itd-636-mum-trib-4","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/piramal-enterprises-ltd-v-dcit-2024-205-itd-636-mum-trib-4\/","title":{"rendered":"Piramal Enterprises Ltd. v. DCIT (2024) 205 ITD 636\/ 116 ITR 261 (Mum.)(Trib.)"},"content":{"rendered":"<p>Assessee claimed for depreciation on assets of BMIL merged with assessee company calculated on WDV of assets without adjusting for depreciation which was foregone for assessment years 1995-96 &amp; 1996-97 by BMIL.\u00a0 However, Assessing Officer recomputed allowable depreciation on basis of such adjustment\u00a0 On appeal the Tribunal held that the\u00a0 Assessing Officer should allow depreciation on basis of computation made by assessee and not to reduce WDV on basis of notional amount of depreciation.\u00a0 (AY. 2005-06)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32: Depreciation-Merger-Assessing Officer should allow depreciation on basis of computation made by assessee and not to reduce WDV on basis of notional amount of depreciation.<\/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-48040","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cuQ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48040","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=48040"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48040\/revisions"}],"predecessor-version":[{"id":52186,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48040\/revisions\/52186"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=48040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=48040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=48040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}