{"id":6006,"date":"2019-06-28T13:11:42","date_gmt":"2019-06-28T13:11:42","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-associated-cables-p-ltd-2019-105-taxmann-com-113-263-taxman-251-bom-hc-editorial-slp-of-revenue-is-dismissed-cit-v-associated-cables-p-ltd-2019-263-taxman-250-sc\/"},"modified":"2019-06-28T13:11:42","modified_gmt":"2019-06-28T13:11:42","slug":"cit-v-associated-cables-p-ltd-2019-105-taxmann-com-113-263-taxman-251-bom-hc-editorial-slp-of-revenue-is-dismissed-cit-v-associated-cables-p-ltd-2019-263-taxman-250-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-associated-cables-p-ltd-2019-105-taxmann-com-113-263-taxman-251-bom-hc-editorial-slp-of-revenue-is-dismissed-cit-v-associated-cables-p-ltd-2019-263-taxman-250-sc\/","title":{"rendered":"CIT v.  Associated Cables (P.) Ltd.  (2019) 105 taxmann.com 113\/263 Taxman 251 (Bom.)(HC)   Editorial:  SLP of revenue is dismissed; CIT v.  Associated Cables (P.) Ltd.  (2019) 263 Taxman 250 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that the Tribunal was justified in directing the Assessing officer to allow carry forward and set off unabsorbed depreciation against the business profits. (Followed\u00a0 General Motors India (P) Ltd\u00a0 (2013) 354 ITR 244 (Guj.)(HC),\u00a0 PCIT v. Associated Cables (P) Ltd ITA No. 293 of 2016 dt. 2-08-2018, CIT v. Confidence Petroleum (I) Ltd, ITA No. 582 of 2014\u00a0 CIT v. Milton\u2019s (P)\u00a0 Ltd.,\u00a0 ITA No 2301 of 203, Times Guaranty Ltd. v. Dy. DIT, ITA No 841 of 2011 and 842 of 2011 of (2011) (AY. 2008 -09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 :  Depreciation-Unabsorbed depreciation-Carry forward and set off-Eligible and for carry forward and set off against business profits. [S. 32(2)]<\/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-6006","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1yS","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6006","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=6006"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6006\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=6006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=6006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=6006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}