{"id":6005,"date":"2019-06-28T13:11:22","date_gmt":"2019-06-28T13:11:22","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-jitendra-j-mehta-2019-104-taxman-com-448-263-taxman-6-bom-hc-editorial-slp-of-revenue-is-dismissed-pcit-v-jitendra-j-mehta-2019-263-taxman-5-sc\/"},"modified":"2019-06-28T13:11:22","modified_gmt":"2019-06-28T13:11:22","slug":"pcit-v-jitendra-j-mehta-2019-104-taxman-com-448-263-taxman-6-bom-hc-editorial-slp-of-revenue-is-dismissed-pcit-v-jitendra-j-mehta-2019-263-taxman-5-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-jitendra-j-mehta-2019-104-taxman-com-448-263-taxman-6-bom-hc-editorial-slp-of-revenue-is-dismissed-pcit-v-jitendra-j-mehta-2019-263-taxman-5-sc\/","title":{"rendered":"PCIT v .Jitendra J. Mehta (2019) 104 taxman.com 448 \/ 263 Taxman 6 (Bom.)(HC)  Editorial: SLP of revenue is dismissed, PCIT  v. Jitendra J. Mehta.  (2019)  263 Taxman 5 (SC)"},"content":{"rendered":"<p>AO allowed assessee&#8217;s claim for additional depreciation. CIT passed revision order and directed the AO to reframe assessment .Tribunal\u00a0\u00a0 setaside the revisional\u00a0 order. High Court affirmed the order of Tribunal following the jurisdictional High Court in CIT v. Continental Ware Housing Corporation (Nhava Sheva Ltd. (2015) 374 ITR 645 (Bom.) (HC)\u00a0 and CIT v. Murli Agro Products Ltd. (2014) 49 taxmann.com 172 (Bom.)(HC). Revenue authorities, however, pointed out that Karnataka High Court in Canara Housing Development Co v. Dy. CIT (2014) 49 Taxmann.com 98 (Karn)(HC)\u00a0 on similar issue had taken a different view. High Court held that the\u00a0 Tribunal was bound by decision of jurisdictional High Court.\u00a0 (AY.2006-07)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Additional depreciation-Revision of orders prejudicial to revenue-Tribunal allowed assessee&#8217;s claim for additional depreciation by following order of jurisdictional High Court \u2013 Revision is held to be not valid. [S. 263]<\/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":[1],"tags":[],"class_list":["post-6005","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1yR","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6005","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=6005"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6005\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=6005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=6005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=6005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}