{"id":6478,"date":"2019-08-19T09:37:26","date_gmt":"2019-08-19T09:37:26","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-panchmahal-steel-ltd-2019-106-taxmann-com-131-264-taxman-20-guj-hc-editorial-slp-of-revenue-is-dismissed-pcit-v-panchmahal-steel-ltd-2019-264-taxman-19-sc\/"},"modified":"2019-08-19T09:37:26","modified_gmt":"2019-08-19T09:37:26","slug":"pcit-v-panchmahal-steel-ltd-2019-106-taxmann-com-131-264-taxman-20-guj-hc-editorial-slp-of-revenue-is-dismissed-pcit-v-panchmahal-steel-ltd-2019-264-taxman-19-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-panchmahal-steel-ltd-2019-106-taxmann-com-131-264-taxman-20-guj-hc-editorial-slp-of-revenue-is-dismissed-pcit-v-panchmahal-steel-ltd-2019-264-taxman-19-sc\/","title":{"rendered":"PCIT v. Panchmahal Steel Ltd. (2019)  106 taxmann.com 131 \/ 264 Taxman 20 (Guj.)(HC) Editorial : SLP of revenue is dismissed, PCIT v. Panchmahal Steel Ltd. (2019) 264 Taxman 19 (SC)"},"content":{"rendered":"<p>High Court held that Tribunal&#8217;s order by rejecting revenue&#8217;s plea to effect that Tribunal was not justified in allowing assessee benefit of carry forward and set off of unabsorbed depreciation for assessment year 1997-98 against income of assessment year 2005-06 which was in accordance with provision of section 32(2) as amended by Finance Act 2001 with effect from 1-4-2002. (Followed General Motors India (P.) Ltd. v. Dy. CIT\u00a0 ( 2012) 25 taxmann.com 364\/210 taxman 20 (Mag.) (Guj.)(HC)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Unabsorbed depreciation-Set off of- Benefit of carry forward and set off of unabsorbed depreciation for assessment year 1997-98 is allowed  against income of assessment year 2005-06. [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-6478","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1Gu","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6478","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=6478"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6478\/revisions"}],"predecessor-version":[{"id":6479,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6478\/revisions\/6479"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=6478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=6478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=6478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}