{"id":8525,"date":"2019-12-17T12:08:37","date_gmt":"2019-12-17T12:08:37","guid":{"rendered":"http:\/\/itatonline.org\/digest\/shree-laxmi-estate-p-ltd-v-ito-2019-178-itd-98-mum-trib\/"},"modified":"2021-06-27T17:47:24","modified_gmt":"2021-06-27T12:17:24","slug":"shree-laxmi-estate-p-ltd-v-ito-2019-178-itd-98-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/shree-laxmi-estate-p-ltd-v-ito-2019-178-itd-98-mum-trib\/","title":{"rendered":"Shree Laxmi Estate (P. ) Ltd.  v.  ITO (2019) 178 ITD 98 \/( 2020) 204 TTJ 351 (Mum.)(Trib. )"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that the car was purchased in name of a director in order to reduce incidence of indirect taxes, levies etc., however, it was duly reflected in balance sheet of assessee-company. \u00a0\u00a0Accordingly the depreciation is allowable to the company. \u00a0(AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Car purchased in the name of director\u2013Reflected in the balance sheet of the Company\u2013Depreciation is allowable.<\/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-8525","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2dv","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8525","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=8525"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8525\/revisions"}],"predecessor-version":[{"id":19707,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8525\/revisions\/19707"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}