{"id":2260,"date":"2018-09-06T15:57:20","date_gmt":"2018-09-06T15:57:20","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-rungta-mines-ltd-calhcwww-itatonlin-org\/"},"modified":"2019-05-12T14:51:49","modified_gmt":"2019-05-12T14:51:49","slug":"pcit-v-rungta-mines-ltd-calhcwww-itatonlin-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-rungta-mines-ltd-calhcwww-itatonlin-org\/","title":{"rendered":"PCIT v. Rungta Mines Ltd 2018) 96 Taxmann.com 166 (Cal)(HC),www.itatonlin.org"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held payment of a one-time fee to continue the business of mining constitutes\u00a0 revenue expenditure explained with reference to R.B.Seth Moolchand Sugachand v CIT (1972) \u00a086 ITR 647 (SC) and Bikaner Gypsums \u00a0Ltd\u00a0 v. CIT\u00a0(1991) 187 ITR 39 (SC)(GA 2977 of 2015 In ITAT 133 of 2015, dt. 21.06.2018)<\/p>\n<p><strong>[Click here to download PDF file]<\/strong><a href=\"http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Rungta-Mines-Capital-Revenue-Expenditure.pdf\">http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Rungta-Mines-Capital-Revenue-Expenditure.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1):Business expenditure-Capital or revenue- payment of a one-time fee to continue the business of mining constitutes  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":[1],"tags":[],"class_list":["post-2260","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-As","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2260","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=2260"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2260\/revisions"}],"predecessor-version":[{"id":5413,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2260\/revisions\/5413"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}