{"id":19384,"date":"2021-06-17T15:20:35","date_gmt":"2021-06-17T09:50:35","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pandian-hotels-ltd-v-dy-cit-2020-273-taxman-256-mad-hc\/"},"modified":"2021-06-17T15:20:35","modified_gmt":"2021-06-17T09:50:35","slug":"pandian-hotels-ltd-v-dy-cit-2020-273-taxman-256-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pandian-hotels-ltd-v-dy-cit-2020-273-taxman-256-mad-hc\/","title":{"rendered":"Pandian Hotels Ltd. v. Dy.CIT (2020) 273 Taxman 256 (Mad.)(HC)"},"content":{"rendered":"<p>Assessee was running a hotel.\u00a0 During relevant year assessee incurred certain expenditure on renovation and repairs of hotel rooms. The Assessing Officer treated the said expenditure as capital in nature. Tribunal up held the order of the Assessing Officer. On appeal High Court held granite and marble used on floors of room would not last long and become obsolete in a couple of years accordingly allowable as revenue expenditure.\u00a0 (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Capital or revenue-Hotel business-Renovation and repair of hotel rooms is 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-19384","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-52E","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19384","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=19384"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19384\/revisions"}],"predecessor-version":[{"id":19385,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19384\/revisions\/19385"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=19384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=19384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=19384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}