{"id":49466,"date":"2024-12-28T20:52:27","date_gmt":"2024-12-28T15:22:27","guid":{"rendered":"https:\/\/itatonline.org\/digest\/betts-india-p-ltd-v-acit-2020-114-taxmann-com-509-bom-hc\/"},"modified":"2024-12-28T20:52:27","modified_gmt":"2024-12-28T15:22:27","slug":"betts-india-p-ltd-v-acit-2020-114-taxmann-com-509-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/betts-india-p-ltd-v-acit-2020-114-taxmann-com-509-bom-hc\/","title":{"rendered":"Betts India (P.) Ltd. v. ACIT [2020] 114 taxmann.com 509 (Bom)( HC)"},"content":{"rendered":"<p>Dismissing the appeal the Court held that Tribunal was justified in holding that it was mandatory to deduct depreciation allowable under section 32 while determining assessee&#8217;s entitlement to deduction under section 80\u00adIB, even though assessee had not claimed such depreciation .Followed \u00a0\u00a0Scoop Industries (P.) Ltd.\u00a0v.\u00a0ITO ( 2007) \u00a0\u00a0289 ITR 195 (Bom)(HC ), \u00a0Plastiblends India Ltd.\u00a0v.\u00a0Addl. CIT ( 2009) 185 Taxman 187\/ 318 ITR 352 (FB)) ( Bom)( HC)<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IB: Industrial undertakings \u2013 Computation of deduction-  Depreciation-  Mandatory to  deduct depreciation , though not claimed by assessee.[ S. 32 ] <\/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-49466","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cRQ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49466","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=49466"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49466\/revisions"}],"predecessor-version":[{"id":49467,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49466\/revisions\/49467"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=49466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=49466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=49466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}