{"id":3083,"date":"2018-12-07T10:00:42","date_gmt":"2018-12-07T10:00:42","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-lakshmi-vilas-bank-ltd-2018-258-taxman-193-mad-hc\/"},"modified":"2019-03-07T10:20:17","modified_gmt":"2019-03-07T10:20:17","slug":"cit-v-lakshmi-vilas-bank-ltd-2018-258-taxman-193-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-lakshmi-vilas-bank-ltd-2018-258-taxman-193-mad-hc\/","title":{"rendered":"CIT v. Lakshmi Vilas Bank Ltd. (2018) 258 Taxman 193\/ 304 CTR 798\/ 170 DTR 270 (Mad.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ,in view of fact that advanced technology software become obsolete within short intervals. Expenditure incurred\u00a0 on software expenses is held to be revenue expenditure. (AY.2000-01, 2001-02)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure \u2013 Capital or revenue- In view of fact that advanced technology software become obsolete within short intervals-Expenditure incurred  on software expenses is held to be revenue expenditure.<\/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_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":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-3083","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-NJ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3083","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=3083"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3083\/revisions"}],"predecessor-version":[{"id":4257,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3083\/revisions\/4257"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}