{"id":41074,"date":"2024-04-01T16:12:54","date_gmt":"2024-04-01T10:42:54","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vatika-hotels-p-ltd-v-asst-cit-2023101-itr-21-delhi-trib\/"},"modified":"2024-05-29T16:37:39","modified_gmt":"2024-05-29T11:07:39","slug":"vatika-hotels-p-ltd-v-asst-cit-2023101-itr-21-delhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/vatika-hotels-p-ltd-v-asst-cit-2023101-itr-21-delhi-trib\/","title":{"rendered":"Vatika Hotels P. Ltd. v. Asst. CIT (2023)101 ITR 21 \/ 199 ITD 741(Delhi) (Trib)"},"content":{"rendered":"<p>Held, allowing the appeal, that once the claim had been allowed in the-initial AY., the claim could not be denied in the subsequent-AY.s on identical facts. Since the expenditure incurred by the-assessee towards fees paid to the Registrar of Companies in the AY. 2007-08 had been considered as preliminary expenses and one-fifth of it had been allowed under section\u00a035D\u00a0of the Act, the balance had to be allowed in the subsequent four assessment years.(AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 35D : Amortisation of preliminary expenses-Business expenditure-Payment to registrar of companies towards fees considered as preliminary expenses and 1\/5th allowed in initial years-Cannot be disallowed in subsequent years.[S. 37(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-41074","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aGu","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41074","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=41074"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41074\/revisions"}],"predecessor-version":[{"id":43124,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41074\/revisions\/43124"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=41074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=41074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=41074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}