{"id":6520,"date":"2019-08-19T12:36:34","date_gmt":"2019-08-19T12:36:34","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-bayer-vapi-p-ltd-2019-264-taxman-182-guj-hc\/"},"modified":"2019-08-19T12:36:34","modified_gmt":"2019-08-19T12:36:34","slug":"pcit-v-bayer-vapi-p-ltd-2019-264-taxman-182-guj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-bayer-vapi-p-ltd-2019-264-taxman-182-guj-hc\/","title":{"rendered":"PCIT  v. Bayer Vapi (P) Ltd. (2019) 264 Taxman 182  (Guj.)(HC)"},"content":{"rendered":"<p>Assessee company purchased a business on slump sale and claimed\u00a0 depreciation on intangible assets and marketing rights of business acquired . AO disallowed the claim for depreciation.\u00a0 Tribunal held that assessee having purchased various assets under business transfer agreement by way of slump sale from not a related concern\u00a0 depreciation\u00a0 is allowable both on intangible assets as well as marketing rights. High Court affirmed the order of Tribunal. (AY. 2004 -05)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation\u2013Purchase of   business on slump sale- Intangible assets and marketing rights-Depreciation is allowable-  Not a related concern-Provisions of S. 40A(2)(b) of the Act cannot be applied. [S. 40A(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-6520","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1Ha","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6520","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=6520"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6520\/revisions"}],"predecessor-version":[{"id":6521,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6520\/revisions\/6521"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=6520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=6520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=6520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}