{"id":50753,"date":"2025-02-08T14:19:54","date_gmt":"2025-02-08T08:49:54","guid":{"rendered":"https:\/\/itatonline.org\/digest\/y-s-co-owners-v-ito-2024-301-taxman-647-p-hhc-2\/"},"modified":"2025-02-08T14:19:54","modified_gmt":"2025-02-08T08:49:54","slug":"y-s-co-owners-v-ito-2024-301-taxman-647-p-hhc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/y-s-co-owners-v-ito-2024-301-taxman-647-p-hhc-2\/","title":{"rendered":"Y. S. &#038; Co-owners v. ITO [2024] 301 Taxman 647 (P&#038; H)(HC)"},"content":{"rendered":"<p><strong>\u00a0<\/strong>Assessee purchased property and thereafter constructed godowns and plinths Assessee claimed depreciation on cost of plinths. Assessing Officer disallowed\u00a0 Commissioner (Appeals) allowed appeal holding that plinths constructed by assessee were building within meaning of section 26. On appeal the Tribunal affirmed the order of the AO. On appeal the Court held\u00a0 that\u00a0\u00a0 plinth constructed by assessee could not be treated as building within meaning of section 26. Order of the Tribunal is\u00a0 affirmed. (AY. 2005-06)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Godowns-Plinths-plinth constructed could not be treated as building-Not entitle to depreciation-Order of Tribunal is affirmed. [S. 22, 26, 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-50753","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dcB","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50753","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=50753"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50753\/revisions"}],"predecessor-version":[{"id":50754,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50753\/revisions\/50754"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=50753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=50753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=50753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}