{"id":14534,"date":"2020-12-23T09:14:44","date_gmt":"2020-12-23T09:14:44","guid":{"rendered":"https:\/\/itatonline.org\/digest\/multitute-infrastructure-pvt-ltd-v-dy-cit-2020-the-chambers-journal-march-p-123-delhi-trib\/"},"modified":"2020-12-23T09:14:44","modified_gmt":"2020-12-23T09:14:44","slug":"multitute-infrastructure-pvt-ltd-v-dy-cit-2020-the-chambers-journal-march-p-123-delhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/multitute-infrastructure-pvt-ltd-v-dy-cit-2020-the-chambers-journal-march-p-123-delhi-trib\/","title":{"rendered":"Multitute Infrastructure Pvt Ltd v. Dy .CIT ( 2020) The Chamber\u2019s Journal \u2013 March \u2013 P .123 ( Delhi) (Trib)"},"content":{"rendered":"<p>The Assessing Officer disallowed the lease rent as capital expenditure\u00a0 which was affirmed by the CIT (A). On appeal the Tribunal held that one time payment of the annual rent as per the lease deed is a revenue expenditure . Followed CIT v. Madras Auto\u00a0 Service ( P) Ltd\u00a0 (1998) 233 ITR 468 (SC) ( ITA No. 2722\/Del\/ 2017 dt .13-12-2019 ) (AY. 2012 -13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure \u2013 One time payment of annual lease rent is held to be allowable as revenue expenditure <\/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-14534","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3Mq","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14534","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=14534"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14534\/revisions"}],"predecessor-version":[{"id":14535,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14534\/revisions\/14535"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}