{"id":14398,"date":"2020-12-13T11:57:35","date_gmt":"2020-12-13T11:57:35","guid":{"rendered":"https:\/\/itatonline.org\/digest\/century-link-technologies-india-pvt-ltd-v-dy-cit-2020-78-itr-71-sn-bang-trib\/"},"modified":"2020-12-13T11:57:35","modified_gmt":"2020-12-13T11:57:35","slug":"century-link-technologies-india-pvt-ltd-v-dy-cit-2020-78-itr-71-sn-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/century-link-technologies-india-pvt-ltd-v-dy-cit-2020-78-itr-71-sn-bang-trib\/","title":{"rendered":"Century Link Technologies India Pvt. Ltd. v Dy. CIT (2020) 78 ITR 71 (SN) ( Bang) (Trib)"},"content":{"rendered":"<p>Tribunal held that in order to invoke the provisions of Explanation 1 to section\u00a032(1)\u00a0a finding has to be given first as to the nature of expenditure incurred by the assessee. If the nature of expenditure is capital in nature, then the provisions of Explanation 1 to section\u00a032(1)\u00a0shall apply. It was the case of the assessee that most of the expenditure incurred by it on leasehold premises were revenue in nature. The authorities had not examined the nature of expenditure incurred by the assessee. The assessee had furnished the various details of expenditure incurred by it on leasehold premises. Accordingly, this issue required fresh examination since the nature of expenditure incurred by the assessee had to be examined in order to apply the provisions of Explanation 1 to section\u00a032(1)\u00a0.( AY.2012-13, 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1) : Business expenditure -Capital or  revenue &#8211; Leasehold premises \u2014 Nature of  expenditure to be examined before applying provision relating to ownership of  asset [ S.32(1), Expln. 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":[21],"tags":[],"class_list":["post-14398","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3Ke","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14398","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=14398"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14398\/revisions"}],"predecessor-version":[{"id":14399,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14398\/revisions\/14399"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}