{"id":51894,"date":"2025-03-18T11:00:34","date_gmt":"2025-03-18T05:30:34","guid":{"rendered":"https:\/\/itatonline.org\/digest\/hindalco-industries-ltd-v-dy-cit-2024114-itr-502-mumtrib-2\/"},"modified":"2025-03-18T11:00:34","modified_gmt":"2025-03-18T05:30:34","slug":"hindalco-industries-ltd-v-dy-cit-2024114-itr-502-mumtrib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/hindalco-industries-ltd-v-dy-cit-2024114-itr-502-mumtrib-2\/","title":{"rendered":"Hindalco Industries Ltd. v. Dy. CIT (2024)114 ITR 502 (Mum)(Trib)"},"content":{"rendered":"<p>Held that the trial run of the aircraft was obviously for the purpose of business and nothing else. As the statute did not prescribe a minimum time-limit for \u201cuse\u201d of the machinery, the assessee could not be denied the benefit of depreciation on the ground that the aircraft was used for a very short duration for trial run. Consequently, depreciation and maintenance expenses of the aircraft was held to be allowed as a deduction. (AY.2003-04)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Trial runs-Aircraft put to use in subsequent year for training purposes-Depreciation and maintenance is allowable. [S. 37(1)] <\/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-51894","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dv0","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51894","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=51894"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51894\/revisions"}],"predecessor-version":[{"id":51895,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51894\/revisions\/51895"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}