{"id":2305,"date":"2018-09-09T07:12:42","date_gmt":"2018-09-09T07:12:42","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-phonex-lamps-india-ltd-2018-406-itr-550-all-hc\/"},"modified":"2018-09-09T07:12:42","modified_gmt":"2018-09-09T07:12:42","slug":"cit-v-phonex-lamps-india-ltd-2018-406-itr-550-all-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-phonex-lamps-india-ltd-2018-406-itr-550-all-hc\/","title":{"rendered":"CIT  v. Phonex Lamps India Ltd.  (2018) 406 ITR 550 (All) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that, \u00a0the <em>\u00a0<\/em>amounts expended by an assessee, which are preoperative in nature and are in fact made prior to coming in or the existence of the business itself would be a capital expenditure \u00a0and entitle to depreciation.(AY.1993 -94)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.32: Depreciation-Preoperative expenses \u2014 Capital expenditure \u2014 Entitle depreciation .<\/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-2305","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Bb","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2305","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=2305"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2305\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}