{"id":29267,"date":"2022-08-30T10:16:28","date_gmt":"2022-08-30T04:46:28","guid":{"rendered":"https:\/\/itatonline.org\/digest\/mangalore-electricity-supply-company-ltd-v-dy-cit-2022-136-taxmann-com-428-karn-hc-editorial-notice-issued-in-slp-filed-against-the-order-of-high-court-dy-cit-v-mangalore-electricity-sup\/"},"modified":"2022-08-30T10:16:28","modified_gmt":"2022-08-30T04:46:28","slug":"mangalore-electricity-supply-company-ltd-v-dy-cit-2022-136-taxmann-com-428-karn-hc-editorial-notice-issued-in-slp-filed-against-the-order-of-high-court-dy-cit-v-mangalore-electricity-sup","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/mangalore-electricity-supply-company-ltd-v-dy-cit-2022-136-taxmann-com-428-karn-hc-editorial-notice-issued-in-slp-filed-against-the-order-of-high-court-dy-cit-v-mangalore-electricity-sup\/","title":{"rendered":"Mangalore Electricity Supply Company Ltd. v. Dy. CIT (2022) 136 taxmann.com 428 (Karn.)(HC) Editorial : Notice issued in SLP filed against the order of High Court, Dy. CIT v. Mangalore Electricity Supply Company Ltd. (2022) 286 Taxman 566 (SC)"},"content":{"rendered":"<p>The assessee, a power distribution company, had incurred expenditure on network of a new transmission or distribution line. Allowing the\u00a0 appeal of the assessee\u00a0 the Court held that\u00a0 there was no requirement of capitalization of said expenditure in books of account so as to claim deduction under section 80-IA(4)(iv) of the Act. Followed\u00a0\u00a0 Bangalore\u00a0Electricity\u00a0Supply Company Ltd. v. Dy. CIT (20021) 431 ITR 606 (Karn)(HC). (AY. 2006-07)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IA : Industrial undertakings-Infrastructure  development-Electricity distribution-Expenditure on network of a new transmission or distribution line-No requirement of capitalization of said expenditure in books of account-Deduction allowable. [S. 800IA(4)(iv)] <\/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-29267","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7C3","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29267","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=29267"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29267\/revisions"}],"predecessor-version":[{"id":29268,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29267\/revisions\/29268"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=29267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=29267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=29267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}