{"id":15615,"date":"2021-03-11T15:06:24","date_gmt":"2021-03-11T09:36:24","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-ltu-v-abb-ltd-2020429-itr-355-karn-hc-2\/"},"modified":"2021-03-11T15:06:24","modified_gmt":"2021-03-11T09:36:24","slug":"cit-ltu-v-abb-ltd-2020429-itr-355-karn-hc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-ltu-v-abb-ltd-2020429-itr-355-karn-hc-2\/","title":{"rendered":"CIT (LTU) v. ABB Ltd. (2020)429 ITR 355 (Karn.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal\u00a0 of the revenue the Court held that expenses incurred for upgradation of computers and to acquire software is held to be revenue expenditure. Followed CIT v. NCR\u00a0 Corporation Pvt.\u00a0 Ltd.\u00a0<a href=\"http:\/\/www.taxlawsonline.com\/%5b2020%5d%20015%20ITR-OL%200482\">(2020)15 ITR-OL 482<\/a>\u00a0(Karn.)(HC) (AY.1998-99)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Capital or revenue-Expenses incurred for upgradation of computers and to acquire software-Held to be 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-15615","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-43R","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15615","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=15615"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15615\/revisions"}],"predecessor-version":[{"id":15616,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15615\/revisions\/15616"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=15615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}