{"id":58099,"date":"2026-01-10T09:50:22","date_gmt":"2026-01-10T04:20:22","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-ltu-v-reliance-industries-ltd-2024-161-taxmann-com-423-bom-hc-2\/"},"modified":"2026-01-10T09:50:22","modified_gmt":"2026-01-10T04:20:22","slug":"cit-ltu-v-reliance-industries-ltd-2024-161-taxmann-com-423-bom-hc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-ltu-v-reliance-industries-ltd-2024-161-taxmann-com-423-bom-hc-2\/","title":{"rendered":"CIT, (LTU) v. Reliance Industries Ltd. [2024] 161 taxmann.com 423 (Bom.)(HC)"},"content":{"rendered":"<p>The Court affirmed that the claim for depreciation was optional for the assessee for years prior to the insertion of Explanation 5 to Section 32(1) with effect from 01.04.2002. Referred\u00a0 CIT\u00a0v.\u00a0Mahendra Mills\/Arun Textile \u2018C\u2019 \/ Humphreys \/ Glassgow Consultants (2000) 109 Taxman 225 \/ 243 ITR 56 (SC) \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Optional claim-Claim for depreciation was optional prior to insertion of Explanation 5 to Section 32(1)-Order of Tribunal affirmed. [S. 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-58099","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-f75","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58099","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=58099"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58099\/revisions"}],"predecessor-version":[{"id":58100,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58099\/revisions\/58100"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=58099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=58099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=58099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}