{"id":35835,"date":"2023-08-27T18:39:48","date_gmt":"2023-08-27T13:09:48","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sacmi-engineering-india-p-ltd-v-dy-cit-2022-215-ttj-1029-ahdtrib\/"},"modified":"2023-08-27T18:39:48","modified_gmt":"2023-08-27T13:09:48","slug":"sacmi-engineering-india-p-ltd-v-dy-cit-2022-215-ttj-1029-ahdtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sacmi-engineering-india-p-ltd-v-dy-cit-2022-215-ttj-1029-ahdtrib\/","title":{"rendered":"Sacmi Engineering India (P) Ltd. v. Dy. CIT (2022) 215 TTJ 1029 (Ahd)(Trib)"},"content":{"rendered":"<p>Held that\u00a0 expenditure incurred for conversion of debentures into equity shares rightly\u00a0\u00a0 treated as capital expenditure, the alternative claim of the asseessee for allowing deduction under section\u00a0 35D\u00a0 in five equal installments also rejected. Followed,\u00a0 Brooke Bond India Ltd v.\u00a0 CTT (1997) 140 CTR\u00a0 598 \/\u00a0 225 TTR 798(SC). (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Capital or revenue-Documents and stamp charges on conversion of debentures into equity shares-Capital expenditure-Alternative claim under section 35D is also rejected. [S. 35D] <\/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-35835","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9jZ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35835","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=35835"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35835\/revisions"}],"predecessor-version":[{"id":35836,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35835\/revisions\/35836"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=35835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=35835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=35835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}