{"id":14536,"date":"2020-12-23T09:17:03","date_gmt":"2020-12-23T09:17:03","guid":{"rendered":"https:\/\/itatonline.org\/digest\/aspect-research-management-p-ltd-v-ito-2020-the-chambers-journal-june-p-81-delhi-trib\/"},"modified":"2020-12-23T09:17:03","modified_gmt":"2020-12-23T09:17:03","slug":"aspect-research-management-p-ltd-v-ito-2020-the-chambers-journal-june-p-81-delhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/aspect-research-management-p-ltd-v-ito-2020-the-chambers-journal-june-p-81-delhi-trib\/","title":{"rendered":"Aspect Research &#038; Management P. Ltd v. ITO ( 2020) The Chamber\u2019s Journal \u2013 June -P 81 (Delhi) (Trib)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that repair and renovation expenses incurred on the leased premises are in the nature of revenue expenditure . Tribunal also held that the CIT (A) cannot travel beyond the direction of the ITAT and disallow an expenditure holding it as non -genuine .( ITA No. 3204\/ Del\/ 2015 dt 5-3 -2020 ) ( AY. 2007 -08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure \u2013 Capital or revenue- Repair and renovation of leased premises \u2013 Revenue expenditure \u2013 Power of CIT (A) \u2013 Cannot travel beyond the direction of the  ITAT order [ S.250, 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":[21],"tags":[],"class_list":["post-14536","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3Ms","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14536","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=14536"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14536\/revisions"}],"predecessor-version":[{"id":14537,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14536\/revisions\/14537"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}