{"id":15621,"date":"2021-03-11T15:07:28","date_gmt":"2021-03-11T09:37:28","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-hanon-automative-systems-india-private-ltd-2020-429-itr-244-mad-hc\/"},"modified":"2021-10-09T09:16:50","modified_gmt":"2021-10-09T03:46:50","slug":"cit-v-hanon-automative-systems-india-private-ltd-2020-429-itr-244-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-hanon-automative-systems-india-private-ltd-2020-429-itr-244-mad-hc\/","title":{"rendered":"CIT v. Hanon Automative Systems India Private Ltd. (2020) 429 ITR 244\/(2021) 277 Taxman 454 \/ 201 DTR 421(Mad.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that the lump sum payment made by the assessee for the development of infrastructure for uninterrupted power supply to it was revenue expenditure under section\u00a037(1), though the assessee had parted with substantial funds to the company, the capital asset continued to remain the property of the company. (AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Capital or  revenue-Payment made to an entity under  an agreement for additional infrastructure for augmenting  continuous supply of  electricity-No asset acquired-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-15621","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-43X","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15621","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=15621"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15621\/revisions"}],"predecessor-version":[{"id":22281,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15621\/revisions\/22281"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=15621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}