{"id":38858,"date":"2024-02-02T13:06:58","date_gmt":"2024-02-02T07:36:58","guid":{"rendered":"https:\/\/itatonline.org\/digest\/nitesh-housing-developers-pvt-ltd-v-dy-cit-2023454-itr-770-karnhc\/"},"modified":"2024-02-02T13:06:58","modified_gmt":"2024-02-02T07:36:58","slug":"nitesh-housing-developers-pvt-ltd-v-dy-cit-2023454-itr-770-karnhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/nitesh-housing-developers-pvt-ltd-v-dy-cit-2023454-itr-770-karnhc\/","title":{"rendered":"Nitesh Housing Developers Pvt. Ltd. v. Dy. CIT (2023)454 ITR 770 (Karn)(HC)"},"content":{"rendered":"<p>Held that \u00a0the Tribunal had rightly recorded the correct principle of law that premium paid on redemption of debenture is revenue expenditure. The premium payable quantified on redemption of debentures was deductible as revenue expenditure. (AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Capital or revenue-Contingent-Ascertained expenditure-Premium payment on redemption of  shares which has been quantified-Allowable as revenue expenditure-Duty of  Tribunal to give finding based on  facts. [S. 254(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-38858","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a6K","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38858","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=38858"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38858\/revisions"}],"predecessor-version":[{"id":38859,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38858\/revisions\/38859"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}