{"id":27997,"date":"2022-07-05T14:00:17","date_gmt":"2022-07-05T08:30:17","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-k-v-nellaiappan-2022-285-taxman-507-mad-hc\/"},"modified":"2022-07-05T14:00:17","modified_gmt":"2022-07-05T08:30:17","slug":"cit-v-k-v-nellaiappan-2022-285-taxman-507-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-k-v-nellaiappan-2022-285-taxman-507-mad-hc\/","title":{"rendered":"CIT v. K.V. Nellaiappan (2022) 285 Taxman 507 (Mad.)(HC)"},"content":{"rendered":"<p>Held that where assessee had taken a building on lease and incurred expenditure towards construction of building leading to enduring benefits; expenditure incurred by assessee was capital in nature and same would come within mischief of Explanation 1 to section 32(1). Appeal of revenue is allowed.(AY. 2003-04)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Building on lease-Expenditure on construction of building-Capital expenditure-Explanation 1 to section 32(1). [S. 30, 37(1)]  <\/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-27997","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7hz","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27997","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=27997"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27997\/revisions"}],"predecessor-version":[{"id":27998,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27997\/revisions\/27998"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=27997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=27997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=27997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}