{"id":254,"date":"2018-04-29T12:11:08","date_gmt":"2018-04-29T12:11:08","guid":{"rendered":"http:\/\/itatonline.org\/digest\/abhipra-capital-ltd-v-dcit-2018-402-itr-1-254-taxman-19-delhi-hc\/"},"modified":"2018-08-11T01:10:05","modified_gmt":"2018-08-11T01:10:05","slug":"abhipra-capital-ltd-v-dcit-2018-402-itr-1-254-taxman-19-delhi-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/abhipra-capital-ltd-v-dcit-2018-402-itr-1-254-taxman-19-delhi-hc\/","title":{"rendered":"Abhipra Capital Ltd.  v. DCIT (2018) 402 ITR 1\/ 254 Taxman 19\/ 164 DTR 250\/ 303 CTR 534   (Delhi) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the assessee the Court held that ; the membership fee paid by the assessee represented money paid to procure a permanent right in the form of a licence to carry on trade and the expenditure incurred was not revenue but capital in nature.( AY. 1996 -97)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure \u2013Capital or revenue &#8211; Membership fee paid to National Stock Exchange for procurement of permanent right in form of licence to carry on trade was held to be capital in nature .<\/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-254","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-46","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/254","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=254"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/254\/revisions"}],"predecessor-version":[{"id":1976,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/254\/revisions\/1976"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}