{"id":4008,"date":"2019-02-21T12:19:56","date_gmt":"2019-02-21T12:19:56","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-global-tele-systems-ltd-bom-hc-ur\/"},"modified":"2020-01-19T16:17:35","modified_gmt":"2020-01-19T16:17:35","slug":"cit-v-global-tele-systems-ltd-bom-hc-ur","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-global-tele-systems-ltd-bom-hc-ur\/","title":{"rendered":"CIT v. Global Tele-Systems Ltd  ( 2019) 183 DTR 381( Bom) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that\u00a0 payment made for acquisition of software\u00a0 utilized for assessee\u2019s existing business is revenue\u00a0 expenditure\u00a0 as the US .Company has granted license\u00a0 for use of software only in India\u00a0 for limited right of user, without any right to sub license\u00a0 and the software require upgradation of replacement.<\/p>\n<p>(ITA. No 544 of 2018 dt. 12-2 -2019 ( AY.1998 -99) (ITA NO. 5161 \/M\/2001 \u00a0dt. 20-04 -2016)(AY.\u00a0 1998 -99)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure- Capital or revenue -Purchase of software- 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-4008","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-12E","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4008","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=4008"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4008\/revisions"}],"predecessor-version":[{"id":9311,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4008\/revisions\/9311"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}