{"id":20324,"date":"2021-07-21T10:53:33","date_gmt":"2021-07-21T05:23:33","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-new-kenilworth-hotel-p-ltd-2020-117-taxmann-com-109-cal-hc-editorial-slp-of-revenue-is-dismissed-due-to-low-tax-effect-cit-v-new-kenilworth-hotel-p-ltd-2020-272-taxman-108-sc\/"},"modified":"2021-07-21T10:53:33","modified_gmt":"2021-07-21T05:23:33","slug":"cit-v-new-kenilworth-hotel-p-ltd-2020-117-taxmann-com-109-cal-hc-editorial-slp-of-revenue-is-dismissed-due-to-low-tax-effect-cit-v-new-kenilworth-hotel-p-ltd-2020-272-taxman-108-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-new-kenilworth-hotel-p-ltd-2020-117-taxmann-com-109-cal-hc-editorial-slp-of-revenue-is-dismissed-due-to-low-tax-effect-cit-v-new-kenilworth-hotel-p-ltd-2020-272-taxman-108-sc\/","title":{"rendered":"CIT v. New Kenilworth Hotel (P.) Ltd (2020) 117 taxmann.com 109 (Cal.)(HC) Editorial : SLP of revenue is dismissed due to low tax effect, CIT v. New Kenilworth Hotel (P.) Ltd (2020) 272 Taxman 108 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that\u00a0 renovation expenses incurred by lessee which is in hotel business is allowable as revenue expenditure. (AY. 2001-02)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Capital or revenue-Hotel business-Lessee-Renovation expenses-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-20324","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5hO","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20324","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=20324"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20324\/revisions"}],"predecessor-version":[{"id":20325,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20324\/revisions\/20325"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}