{"id":1314,"date":"2018-06-11T06:03:22","date_gmt":"2018-06-11T06:03:22","guid":{"rendered":"http:\/\/itatonline.org\/digest\/kaushalya-devi-dec-through-lr-v-cit-2018-404-itr-136-delhi-hc\/"},"modified":"2018-11-21T23:20:34","modified_gmt":"2018-11-21T23:20:34","slug":"kaushalya-devi-dec-through-lr-v-cit-2018-404-itr-136-delhi-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/kaushalya-devi-dec-through-lr-v-cit-2018-404-itr-136-delhi-hc\/","title":{"rendered":"Kaushalya Devi (Dec) Through LR  v. CIT (2018) 404 ITR 136\/166 DTR 258 \/ 255 Taxman 417\/ 304 CTR 961(Delhi) (HC)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Court held that ; payment of liquidated damages in discharge of liability under earlier agreement to sell is held to be allowable expenditure-The expression \u201cexpenditure\u201d used in clause (i) in S 48\u00a0should be given the same meaning as used in S.37(1) \u00a0, except that the expenditure may also be capital in nature. Settlement of a claim and payment made can amount to expenditure .( AY.1994 -95)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 48 : Capital gains \u2013 Computation -Payment of liquidated damages in discharge of liability under earlier agreement to sell is held to be allowable expenditure-The expression \u201cexpenditure\u201d used in clause (i) in S 48 should be given the same meaning as used in S.37(1)  , except that the expenditure may also be capital in nature. Settlement of a claim and payment made can amount to expenditure  [ S. 37(1),45 ]<\/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-1314","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-lc","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1314","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=1314"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1314\/revisions"}],"predecessor-version":[{"id":2930,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1314\/revisions\/2930"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}