{"id":63758,"date":"2026-08-04T18:32:56","date_gmt":"2026-08-04T13:02:56","guid":{"rendered":"https:\/\/itatonline.org\/digest\/asst-cit-v-kunvarji-finance-p-ltd-2025-124-itr-609-176-taxmann-com-553-ahd-trib-3\/"},"modified":"2026-08-04T18:32:56","modified_gmt":"2026-08-04T13:02:56","slug":"asst-cit-v-kunvarji-finance-p-ltd-2025-124-itr-609-176-taxmann-com-553-ahd-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/asst-cit-v-kunvarji-finance-p-ltd-2025-124-itr-609-176-taxmann-com-553-ahd-trib-3\/","title":{"rendered":"Asst. CIT v. Kunvarji Finance (P.) Ltd. (2025) 124 ITR 609 \/ 176 taxmann.com 553 (Ahd.)(Trib.)"},"content":{"rendered":"<p>The Assessing Officer treated depreciation pertaining to the assessee&#8217;s speculation business as a speculation loss and added it back to the income. The Tribunal held that the depreciation had already been adjusted while computing the normal business income and, therefore, no double deduction had been claimed. The addition was based on an incorrect appreciation of facts and was deleted. (AY. 2014-15).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.32: Depreciation-Speculation business-No double deduction-Addition deleted.[S.73] <\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-63758","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gAm","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63758","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=63758"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63758\/revisions"}],"predecessor-version":[{"id":63759,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63758\/revisions\/63759"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=63758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=63758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=63758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}