{"id":23017,"date":"2021-12-15T13:55:50","date_gmt":"2021-12-15T08:25:50","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vishwas\/consequential-depreciation\/"},"modified":"2021-12-16T05:58:06","modified_gmt":"2021-12-16T00:28:06","slug":"consequential-depreciation","status":"publish","type":"vishwas","link":"https:\/\/itatonline.org\/digest\/vishwas\/consequential-depreciation\/","title":{"rendered":"Consequential depreciation"},"content":{"rendered":"

With regard to the replacement of machinery claimed as revenue expenditure by the assessee but treated as capital expenditure in the assessment by the assessing officer. The issue is pending before appeal. If the dispute is settled Under VsVs scheme can the assessee claim consequential depreciation in respect of that asset in subsequent years taking into account sec 8 of the VsVs act 2020<\/p>\n","protected":false},"excerpt":{"rendered":"

With regard to the replacement of machinery claimed as revenue expenditure by the assessee but treated as capital expenditure in the assessment by the assessing officer. The issue is pending before appeal. If the dispute is settled Under VsVs scheme can the assessee claim consequential depreciation in respect of that asset in subsequent years taking into account sec 8 of the VsVs act 2020<\/p>\n

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