{"id":30931,"date":"2022-12-07T10:46:47","date_gmt":"2022-12-07T05:16:47","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-apollo-tyres-ltd-no-1-2022-447-itr-377-ker-hc\/"},"modified":"2022-12-07T10:46:47","modified_gmt":"2022-12-07T05:16:47","slug":"cit-v-apollo-tyres-ltd-no-1-2022-447-itr-377-ker-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-apollo-tyres-ltd-no-1-2022-447-itr-377-ker-hc\/","title":{"rendered":"CIT v. Apollo Tyres Ltd. (No. 1) (2022) 447 ITR 377 (Ker.)(HC)"},"content":{"rendered":"<p>Held that\u00a0 though payment effected only on maturity of debentures the liabilities\u00a0 to the extent of loss suffered had to be applied in respect of each year covered by the debentures to an appropriate extent. Followed Madras Industrial Investment\u00a0 Corporation Ltd. v. CIT (1997) 225 ITR 802(SC). (AY.1999-2000)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Debenture at premium-Liability to be spread over period covered by debentures. [S. 145] <\/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-30931","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-82T","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30931","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=30931"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30931\/revisions"}],"predecessor-version":[{"id":30932,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30931\/revisions\/30932"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=30931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=30931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=30931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}