{"id":25234,"date":"2022-02-26T14:07:21","date_gmt":"2022-02-26T08:37:21","guid":{"rendered":"https:\/\/itatonline.org\/digest\/subex-ltd-v-cit-2021-439-itr-495-karn-hc-2\/"},"modified":"2022-06-04T13:17:39","modified_gmt":"2022-06-04T07:47:39","slug":"subex-ltd-v-cit-2021-439-itr-495-karn-hc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/subex-ltd-v-cit-2021-439-itr-495-karn-hc-2\/","title":{"rendered":"Subex Ltd. v. CIT (2021) 439 ITR 495 \/ 2022)  285 Taxman 350  (Karn.)(HC)"},"content":{"rendered":"<p>Allowing the appeal the Court held that Amortisation of\u00a0 preliminary expenses\u00a0 granted in initial year of\u00a0 expenditure\u00a0 cannot be\u00a0 withdrawn in\u00a0 subsequent\u00a0 year without disturbing the decision in the initial year. Followed, Dy. CIT\u00a0 v. Gujarat Narmada Valley Fertilizers co. ltd (2013) 356 ITR 460 (Guj.)(HC). (AY.2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner-Revision of orders prejudicial to revenue-Amortisation of  preliminary expenses-Granted in initial year of  expenditure-Deduction cannot be  withdrawn in  subsequent year. [S. 35D]<\/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-25234","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6z0","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25234","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=25234"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25234\/revisions"}],"predecessor-version":[{"id":27238,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25234\/revisions\/27238"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}