{"id":40873,"date":"2024-03-22T15:06:02","date_gmt":"2024-03-22T09:36:02","guid":{"rendered":"https:\/\/itatonline.org\/digest\/eaton-power-quality-p-ltd-v-dcit-2024-204-itd-323-chennai-trib\/"},"modified":"2025-04-27T11:25:22","modified_gmt":"2025-04-27T05:55:22","slug":"eaton-power-quality-p-ltd-v-dcit-2024-204-itd-323-chennai-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/eaton-power-quality-p-ltd-v-dcit-2024-204-itd-323-chennai-trib\/","title":{"rendered":"Eaton Power Quality (P.) Ltd. v. DCIT (2024) 204 ITD 323\/230 TTJ 23 (UO)   ( Chennai) (Trib)"},"content":{"rendered":"<p>The Assessee claimed \u00a0payment of non compete fees as revenue expenditure . The AO treated the said expenditure as capital in nature . On appeal the Tribunal affirmed the order of the Assessing Officer .\u00a0 As regards\u00a0 provision for litigation and sales tax\u00a0 matter remanded to the Assessing Officer . ( AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1): Business expenditure \u2013Non compete fee \u2013Capital expenditure \u2013 Entitle to depreciation \u2013 Provision for litigation and taxation matter &#8211; Matter remanded .[S.32]<\/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-40873","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aDf","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/40873","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=40873"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/40873\/revisions"}],"predecessor-version":[{"id":53552,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/40873\/revisions\/53552"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=40873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=40873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=40873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}