{"id":3958,"date":"2019-02-11T11:53:02","date_gmt":"2019-02-11T11:53:02","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-laxmi-co-operative-bank-ltd-bom-hc-ur\/"},"modified":"2019-02-11T11:53:02","modified_gmt":"2019-02-11T11:53:02","slug":"pcit-v-laxmi-co-operative-bank-ltd-bom-hc-ur","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-laxmi-co-operative-bank-ltd-bom-hc-ur\/","title":{"rendered":"PCIT v. Laxmi Co -Operative Bank Ltd. (Bom.)(HC) (UR )"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that; Amortized premium on investment in govt .Securities held under category \u201cHeld to Maturity\u201d ) (HTM) is held to be revenue expenditure. Followed CIT v. Thane Bhart Sahakari bank Ltd. (ITA NO 1117 of 2013 dt. 17 -03 2015)\u00a0\u00a0 ITA.No 1003 of 2016 dt. 29 -01-2019<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Amortized premium on investment in govt .Securities held under category \u201cHeld to Maturity\u201d) (HTM) 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_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":[1],"tags":[],"class_list":["post-3958","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-11Q","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3958","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=3958"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3958\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}