{"id":9475,"date":"2020-02-06T09:15:50","date_gmt":"2020-02-06T09:15:50","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pieco-electronics-electricals-ltd-v-cit-2019-267-taxman-548-cal-hc-2\/"},"modified":"2021-04-28T12:24:05","modified_gmt":"2021-04-28T06:54:05","slug":"pieco-electronics-electricals-ltd-v-cit-2019-267-taxman-548-cal-hc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pieco-electronics-electricals-ltd-v-cit-2019-267-taxman-548-cal-hc-2\/","title":{"rendered":"Pieco Electronics &#038; Electricals Ltd. v. CIT (2019) 267 Taxman 548 \/(2020) 187 DTR 19\/ 313 CTR 243(Cal.)(HC)"},"content":{"rendered":"<p>Assessee claimed depreciation on moulds used for manufacture of glass at rate of 30 per cent.\u00a0 Tribunal restricted depreciation to 10 per cent.\u00a0 Court held that the Tribunal did not determine whether assessee was a &#8216;glass manufacturing concern&#8217; and\/or whether manufacturing process involved &#8216;direct fire glass melting in furnaces&#8217;\u00a0 This determination of fact was essential to come to a finding whether assessee was entitled to a higher rate of depreciation of 30 per cent on Moulds. (AY. 1983-84)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Moulds \u2013  Depreciation at 30 % or 10%-Glass manufacturing concern-Matter remanded to the Tribunal. [S.254(1)] <\/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-9475","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2sP","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9475","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=9475"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9475\/revisions"}],"predecessor-version":[{"id":17351,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9475\/revisions\/17351"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}